NCLT approves merger of Vidarbha Industries Power into Adani Power

What happened

The National Company Law Tribunal (NCLT) approved the merger of Vidarbha Industries Power Limited into Adani Power Limited.
The merger is scheduled to take effect on April 1, 2025.

Financial terms from this story, in everyday words.

NCLT: a government body that handles legal matters related to Indian companies

Original source

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