Acquisition History / Adani Power Ltd / Lanco Amarkantak Power Ltd

Adani Power Ltd Acquires Lanco Amarkantak Power Ltd

Announced August 22, 2024 — $463.4M

Adani Power Ltd Thermal power generation 2024

What happened

The NCLT Hyderabad bench approved Adani Power's resolution plan to acquire Lanco Amarkantak Power, which owns a 600 MW (2x300 MW) coal-fired plant at Pathadi in Korba district, Chhattisgarh. Adani Power acquires 100% of the shareholding for a cash consideration with an upfront payment of Rs 4,101 crore. The purchase was made through the insolvency resolution process under the IBC.

Acquirer: Adani Power Ltd
Target: Lanco Amarkantak Power Ltd
Announced: August 22, 2024
Price: $463.4M
Industry: Thermal power generation
Buyer type: Strategic acquirer
Status: Announced, not yet closed

By the numbers

Adani Power Ltd's acquisition history

1st of 2 tracked deals

Disclosed prices

2 of 2 Adani Power Ltd deals

Adani Power Ltd's average disclosed price

$457.7M

Adani Power Ltd's largest disclosed deal

Lanco Amarkantak Power Ltd ($463.4M)

Tracked acquisitions in 2024

157 across all acquirers

Adani Power Ltd in Thermal power generation

2 acquisitions

Frequently Asked Questions About This Acquisition

When did Adani Power Ltd acquire Lanco Amarkantak Power Ltd?

Adani Power Ltd acquired Lanco Amarkantak Power Ltd on August 22, 2024. This was Adani Power Ltd's 1st publicly tracked acquisition out of 2 we have on record.

How much did Adani Power Ltd pay for Lanco Amarkantak Power Ltd?

Adani Power Ltd paid $463.4M for Lanco Amarkantak Power Ltd.

What does Lanco Amarkantak Power Ltd do?

What other Thermal power generation companies has Adani Power Ltd acquired?

Adani Power Ltd has made 2 acquisitions in Thermal power generation, including Lanco Amarkantak Power Ltd. See the full list on the Thermal power generation and Adani Power Ltd acquisition pages.

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