The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust and Adani Power Limited. CEPL is engaged in the business of generation 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 the corporate insolvency resolution process.
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