Why Adani Power Shares Jumped Over 4%?

Adani Power pioneered investor bull activity as its shares gained considerably. To demonstrate, on 27 March, 2023 company’s shares soared about 4% to reach Rs. 544.

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Why Adani Power Shares Jumped Over 4%?

Adani Power pioneered investor bull activity as its shares gained considerably. To demonstrate, on 27 March, 2023 company’s shares soared about 4% to reach Rs. 544.

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The name of our tech company is Thinking Caps, which represents the protrusion of the neurons on my brain after staying awake for 25 hours on the NSE.

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Lanco Amarkantak Power has been seeking an acquirer since long and finally Adani Power emerged successful by acquiring Lanco Amarkantak Power outrightly.

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Adani’s share price jumped over 4% as the Competition Commission of India permitted Adani Power’s proposed acquisition of Lanco Amarkantak Power on 27th of March 2023.

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The CCI has been the competition commission of India since it is the statute body for competition in India.

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Investors seemed happy with the development, pushing Adani Power’s share price higher that day.

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