Adani Power to acquire GMR Chhattisgarh Energy1 min read 26 Jun 2019, 01:14 AM IST
Post the transaction, Adani Power shall hold 100% equity stake in GCEL. Of this, 52.38% stake is to be acquired from the lenders, and the balance 47.62% is to be acquired from the GMR Group
GCEL owns an operational 1.370 MW supercritical thermal power plant in Raikheda, Raipur district, Chhattisgarh
New Delhi: Adani Power Tuesday said it will acquire GMR Chhattisgarh Energy Ltd (GCEL) as the consortium of lenders has approved its resolution plan.
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