VERIFIEDMint Markets·25 Sept 2026positive

Adani Power share price jumps after receipt of NCLT nod for merger of 10 wholly owned subsidiaries

AI Summary

·Adani Power's share price saw an increase after receiving NCLT approval for a merger plan.
·The NCLT's Mumbai Bench sanctioned the merger of Vidarbha Industries Power Ltd. on September 24.
·This merger process was initiated following an earlier approval from the Ahmedabad Bench on August 4.