CCI approves Adani Power’s acquisition of DB Power and Diligent Power

The Competition Commission of India (CCI) has approved Adani Power Limited’s proposed acquisition of the share capital of Diliigent Power Private Limited and DB Power Limited. This involves the acquisition of 100 per cent of the share capital and economic rights of Diliigent Power and DB Power by Adani Power. Diliigent Power primarily acts as a holding company. It also provides project management and consultancy services, limited to DB Power. DB Power operates a coal-based thermal power plant with an installed capacity of 1,200 MW in Chhattisgarh.