Adani Power share price jumps after receipt of NCLT nod for merger of 10 wholly owned subsidiaries
NCLT is in focus with 24 September in focus.
· LiveMint Markets
Adani Power share price increased following the NCLT's approval of its plan to merge 10 subsidiaries. The Mumbai Bench sanctioned the merger of Vidarbha Industries Power Ltd. on 24 September, completing the merger process initiated by an earlier approval from the Ahmedabad Bench on 4 August.
Key facts
- Dates in focus
- 24 September and 4 August
Why it matters
- With NCLT involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Power.
- The immediate tone of coverage reads positive.
In this story
Related coverage
India's wind power capacity may cross 250 Gw by 2035: Suzlon's Girish Tanti
ONGC, NTPC, BDL, BEL, IOC among 13 CPSE stocks to hit 52-week lows on Thurs
KP Energy locked at 5% upper circuit on 9-MW wind power project contract
Adani Power shares crash over 6%, down for second consecutive session - What tech charts signal? Experts decode
NTPC arm to soon start commercial operations of 500 MWh BESS capacity: CEO