Mergers & Acquisitions Mergers & Acquisitions

Adani Power receives unconditional approval in India to acquire loss-making power company

By Freny Patel
  • 13 Feb 2024 22:22
  • 13 Feb 2024 22:22
Adani Power, India's leading energy producer, and Dickey Alternative Investment Trust have received merger approval to acquire Coastal Energen, which is undergoing bankruptcy proceedings.
The Competition Commission of India, or CCI, unconditionally approved the proposed transaction on Tuesday, making the proposed transaction a “failing firm” defense.

The defense argues

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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