Adani Power has received an approval from the High Court of Gujarat, for amalgamation of Growmore Trade & Investment, Mauritius with itself. The Certified Copy of the said order has been received on October 29, 2012 and the same has been filed with the Registrar of Companies, Gujarat on November 02, 2012. As a result of the same, the said Scheme of Amalgamation has become effective from the appointed date April 01, 2011.
Since the Scheme of Amalgamation has become effective, Adani Power Maharashtra has become wholly owned subsidiary of the company with the effect from November 02, 2012.
Adani Power has been established to carry on the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
| Company Name | CMP |
|---|---|
| NTPC | 396.25 |
| Tata Power | 435.25 |
| Adani Power | 222.75 |
| Power Grid Corp | 311.20 |
| Torrent Power | 1701.65 |
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