Adani Power Limited (NSEI:ADANIPOWER) signed a letter of intent to acquire Vidarbha Industries Power Limited for INR 40 billion on February 24, 2025.

The implementation of the resolution plan is subject to the terms of the letter of intent and requisite approvals of bankruptcy court and subject to court approval. The transaction is expected to close on July 17, 2025.

Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to Vidarbha Industries Power Limited.

As of June 18, 2025, the National Company Law Tribunal, Mumbai Bench approved the deal.

Adani Power Limited (NSEI:ADANIPOWER) completed the acquisition of Vidarbha Industries Power Limited on July 7, 2025.