The Competition Commission of India has approved a proposed combination involving the acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by the Dickey Alternative Investment Trust and Adani Power Limited. CEPL is engaged in the business of generating and sale of power using coal. It owns and operates an imported coal-based thermal power plant at Tuticorin in Tamil Nadu and is currently undergoing a corporate insolvency resolution process.
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