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Deal▲ Bullish for Adani Power
Adani Power merges 10 subsidiaries into company as restructuring takes effect
The brief
- Adani Power completed the merger of 10 wholly owned subsidiaries
- The subsidiaries included power generation and fuel management companies
- Restructuring affects Adani Power’s operations and may simplify its power-generation business
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Adani Power's merger of 10 subsidiaries
The Mumbai Bench of the NCLT approved Adani Power's plan to merge 10 wholly owned subsidiaries. The company later completed the merger following approvals from two authorities.
Friday, 25 September
- Adani Power merges 10 subsidiaries into company as restructuring takes effect