Adani Power: LoI to Acquire GVK Energy Committee

Adani Power (

) is in focus after receiving a Letter of Intent to acquire GVK Energy Limited following approval of its resolution plan by GVK Energy's Committee of Creditors. Key Points • GVK Energy owns a 330 MW hydroelectric power plant in Uttarakhand • Acquisition is being pursued through the insolvency-resolution process • Adani Power has been declared the successful resolution applicant • Implementation remains subject to NCLT Hyderabad and other applicable approvals • CCI had previously approved Adani Power's proposal in May 2026 Technical View The stock closed Monday at ₹204.75 after a 1.09% decline. The acquisition announcement now gives the counter a fresh corporate catalyst to track in Tuesday's session. Alpha Insight The proposed acquisition adds hydropower capacity to Adani Power's diversified energy portfolio and is an important development to monitor as the resolution process progresses. For educational and informational purposes only. Not investment advice. UMANG RAJESH BHUTADA SEBI Registered Research Analyst Registration No. INH000023001 SEBI registration does not guarantee returns or profits.