The planned deal encompasses the acquisition of the entire equity share capital of Coastal Energen (CEPL) by the acquirers, namely Dickey Alternative Investment Trust (DAIT) and APL, as outlined in a release by the CCI, the fair trade regulator.

Dickey Alternative Investment Trust (DAIT) is a Sebi-registered Alternative Investment Fund (AIF) and is acting through its investment manager, Dickey Asset Management.

Coastal Energen (CEPL) is actively involved in the generation and sale of power. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) in accordance with the insolvency and bankruptcy code.

Transactions exceeding a specified threshold require approval from the regulator, the CCI, which monitors and regulates against unfair business practices, fostering a climate of fair competition in the marketplace.