Odisha Hydro Power Corporation to acquire AES stake in Odisha Power Generation Corporation

The Competition Commission of India approved the acquisition of AES Corporation's 49% stake in Odisha Power Generation Corporation Ltd by Odisha Hydro Power Corporation Ltd, a government entity. The deal counters a previous plan by Adani Power.

“The proposed combination involves the acquisition by OHPC of 49 per cent equity shares in OPGC from AES OPGC Holding and AES India, pursuant to the share sale and purchase agreement.”tndindia.com

• 1 source
• tndindia.comOdisha government entity to acquire AES stake in OPGC - Your Gateway to Power Transmission & DistributionT&amp, D IndiaDec 11, 2020

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