Acquisition History / Adani Power / Lanco Amarkantak Power

Adani Power Acquires Lanco Amarkantak Power

Announced August 22, 2024 — $463.4M

Adani PowerThermal power generation2024

What happened

The NCLT approved Adani Power's Rs 4,101 crore resolution plan for Lanco Amarkantak Power, which was in insolvency. The company owns a 600 MW operating thermal plant at Pathadi in Korba district, Chhattisgarh, plus expansion units.

Acquirer
Adani Power
Target
Lanco Amarkantak Power
Announced
August 22, 2024
Price
$463.4M
Industry
Thermal power generation
Buyer type
Strategic acquirer
Status
Closed

By the numbers

Adani Power's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 Adani Power deals
Adani Power's average disclosed price
$463.4M
Adani Power's largest disclosed deal
Lanco Amarkantak Power ($463.4M)
Tracked acquisitions in 2024
157 across all acquirers
Adani Power in Thermal power generation
1 acquisition

Frequently Asked Questions About This Acquisition

When did Adani Power acquire Lanco Amarkantak Power?

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

How much did Adani Power pay for Lanco Amarkantak Power?

Adani Power paid $463.4M for Lanco Amarkantak Power.

What does Lanco Amarkantak Power do?

The NCLT approved Adani Power's Rs 4,101 crore resolution plan for Lanco Amarkantak Power, which was in insolvency. The company owns a 600 MW operating thermal plant at Pathadi in Korba district, Chhattisgarh, plus expansion units.

What other Thermal power generation companies has Adani Power acquired?

Lanco Amarkantak Power is Adani Power's only publicly tracked acquisition in Thermal power generation so far.

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