CCI Approves Acquisition of Coastal Energen Private Limited

  • The Competition Commission of India (CCI) has approved the Proposed Combination of Dickey Alternative Investment Trust and Adani Power Limited. 
  • Adani Power Limited (APL) is a leading private-sector thermal power producer in India, operating thermal power plants across multiple states. 
  • Dickey Alternative Investment Trust (DAIT) is a category II AIF registered with SEBI, housing three separate schemes. 
  • Coastal Energen Private Limited (CEPL) is engaged in the business of power generation and sale using coal. 
  • The proposed combination relates to the acquisition of 100% equity share capital of CEPL by DAIT and APL.
Posted in Current Affairs.