Adani Power has received Competition Commission of India approval to fully acquire GVK Energy through its subsidiary Alaknanda Hydro Power Ltd. The deal, cleared on May 12 under the Insolvency and Bankruptcy Code, brings a 330 MW Srinagar hydropower project in Uttarakhand. The acquisition boosts renewables and expands Adani’s geographic footprint as its capacity targets rise.
Edtech giant upGrad is reportedly close to acquiring Unacademy via an all-stock deal valued at about ₹2,055 crore, a steep 90% drop from Unacademy’s 2021 peak acquisition expectations. Sources say CCI approval is sought this week, with Unacademy expected to bring ₹900–₹950 crore in cash at closing. Talks had stalled earlier over valuation mismatch.
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