Adani Power Limited has submitted to the Exchange Clarification with regard to Rumour verification
ADANIPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Adani Power has clarified to BSE that a media report claiming the company received CCI approval to acquire GVK Energy was misleading. The actual status is that GVK Energy entered Corporate Insolvency Resolution Process (CIRP) on May 6, 2025, following a lender's Section 7 application under IBC. Multiple bidders including Adani Power submitted resolution plans, but these remain under consideration and have NOT been approved by the Committee of Creditors (CoC). While CCI approval was required before CoC consideration and has been obtained, the final CCI order is still pending. The company states it will provide updates only upon material developments.
The clarification corrects market perception by confirming the acquisition is not yet finalized. No immediate shareholder impact, but the market should note the deal is still pending CoC approval despite CCI clearance.