The Exchange has sought clarification from Adani Power Limited with respect to recent news item captioned Adani Power gets CCI nod to acquire GVK Energy. The response from the Company is attached.
ADANIPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty 100 and 0.5 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Adani Power has clarified that it submitted a resolution plan to acquire GVK Energy Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP) since May 2025. The company received CCI (Competition Commission of India) approval for the acquisition, which was a prerequisite before the plan could be considered by the Committee of Creditors (CoC). However, the resolution plan remains under consideration and has not yet been approved by the CoC. The company states no undisclosed material information exists and the article has no material impact on the company.
The acquisition is still pending final CoC approval, so the deal remains uncertain. If approved, it would expand Adani Power's generation capacity through GVK Energy's assets.