9911796707
TMI BlogCCI approves acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd. X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of India (CCI) has approved the proposed acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd. The Punjab State Power Corporation Ltd, is a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fully owned undertaking of the Government of Punjab. The erstwhile Punjab State Electricity Board (PSEB), was a statutory body formed on 01st February, 1959 under the Electricity Supply Act, 1948. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e PSEB was "unbundled" by the Government of Punjab vide Notification No. 1/9/08-EB(PR)196 dated 16th April, 2010 into two separate entities - Punjab State Power Corporation Limited (PSPCL) and Punjab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... State Transmission Corporation Limited (PSTCL). The GVK Power (Goindwal Sahib) Limited, is incorporated in December 1997, is a wholly owned subsidiary of GVK Energy Limited which in turn is the subsi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... diary of GVK Power and Infrastructure Limited. It is engaged in power generation through a 540 coal based thermal power plant. The proposed combination relates to the Resolution Plan involving 100% a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cquisition of the GVK Power (Goindwal Sahib) Limited by PSPCL once it is declared as the successful resolution applicant. (Proposed Combination).
Detailed order of the CCI will follow. X X X X Extracts X X X X X X X X Extracts X X X X ..... ss release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
