Adani Power Acquires 100% of GVK Energy via CCI

CCI approved Adani Power's 100% acquisition of GVK Energy via an insolvency resolution process.
Adani Power is a major listed thermal power producer with plants across eight Indian states.
GVK Energy's key asset is a 330 MW hydroelectric power project in Srinagar, Uttarakhand.
The acquisition was completed under the Insolvency and Bankruptcy Code, 2016 framework.