Adani Power to acquire a 49% stake in OPGC for $135m.

Adani Power, an energy conglomerate, agreed to acquire a 49% stake in Odisha Power Generation, an operator of thermal powerplants, from AES, a US-based energy company for $135m. The transaction is subject to customary regulatory approvals including compliance with applicable requirements in relation to the Government of Odisha and the receipt of regulatory approvals such as Competition Commission of India and Reserve Bank of India,