{"id":557855,"date":"2023-02-23T12:17:12","date_gmt":"2023-02-23T06:47:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557855"},"modified":"2023-02-23T12:17:12","modified_gmt":"2023-02-23T06:47:12","slug":"adani-power-cancels-%e2%82%b970-2-bn-chhattisgarh-based-coal-plant-acquisition","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-cancels-%e2%82%b970-2-bn-chhattisgarh-based-coal-plant-acquisition\/","title":{"rendered":"Adani Power cancels \u20b970.2 bn Chhattisgarh-based coal plant acquisition"},"content":{"rendered":"<p>Adani Power has clarified the stock exchanges that it has called off its plan to acquire a coal plant project in central India and there is no further development in this matter. (ALSO READ: Adani Transmission to announce debt refinancing plans in a few weeks: Report)<\/p>\n<p>In August 2022, Adani Power agreed to take control of DB Power at an enterprise value of \u20b970.2 billion ($850 million). The acquisition was approved by the country&#8217;s competition regulator a month later.<\/p>\n<p>Amid the media reports that Adani Power had cancelled the acquisition of the coal plant, Adani Power informed both the stocks exchanges &#8212; BSE and NSE &#8212; on Tuesday that it was not going ahead with the acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Power has clarified the stock exchanges that it has called off its plan to acquire a coal plant project in central India and there is no further development in this matter. (ALSO READ: Adani Transmission to announce debt refinancing plans in a few weeks: Report) In August 2022, Adani Power agreed to take control of DB Power at an enterprise value of \u20b970.2 billion ($850 million). The acquisition was approved by the country&#8217;s competition regulator a month later. Amid the media reports that Adani Power had cancelled the acquisition of the coal plant, Adani Power informed both the stocks [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-557855","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=557855"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557855\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}