New Delhi: The Competition Commission of India (CCI) on Friday approved acquisition of certain shareholding in Azure Power Global Ltd from its existing shareholders by OMERS Infrastructure Asia Holdings Pte Ltd, under the green channel route. Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI […]
CCI Approves Adani Green’s Acquisition of Entire Stake in SB Energy
Fair trade regulator CCI on Wednesday approved acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. New Delhi : Fair trade regulator CCI on Wednesday approved acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. In May, Adani Green Energy had said it has inked share purchase agreements with […]
CCI Gives Nod to ReNew Power Merger With RMG II
NEW DELHI: The proposed merger of ReNew Power with blank-check company RMG Acquisition Corporation II (RMG II) has received clearance from the Competition Commission. A blank-check company is a developmental stage firm that does not have established business plan. An official release on Tuesday said the Competition Commission of India (CCI) has approved exchange of […]
CCI Clears Tata Power’s Acquisition of Stakes in 3 Odisha Power Utilities
The deal comes after separate competitive bidding processes initiated by the Odisha Electricity Regulatory Commission. NEW DELHI: Tata Power Company’s proposed purchase of 51 per cent stake each in three power utilities in Odisha has been cleared by fair trade regulator CCI. The company is to buy the stakes in Western Electricity Supply Company of […]
CCI clears acquisition of solar energy assets by Adani Green-Total Solar joint venture
According to a combination notice filed with the watchdog, Adani Green Energy Twenty Three Ltd will acquire 100 per cent shareholding of ten target companies New Delhi: Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar. Adani Green Energy Twenty […]
CCI approves Hitachi’s proposed acquisition of 80.1% in power grid business of ABB Limited
The Competition Commission of India (CCI) approves proposed acquisition of 80.1% stake by Hitachi in the power grid business of ABB Limited, in its meeting held today through video conferencing The proposed combination envisages acquisition of 80.1% share capital of ABB Management Holding AG (ABB Management) by Hitachi Limited (Hitachi) from ABB Limited (ABB). ABB […]
CCI approves Joint Venture between Adani Green Energy Limited and Total S.A. in power generation through solar energy in India
The Competition Commission of India (CCI) approves formation of Joint Venture between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India. The proposed combination envisages Adani Green Energy Limited transferring certain of its subsidiaries to a newly incorporated company (JV). Subsequently, Total S.A. would directly or […]
CCI approves acquisition of Teesta Urja Limited by Greenko Mauritius
The Competition Commision of India (CCI) approves the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (Target/TUL), under Section 31(1) of the Competition Act, 2002. The proposed combination relates to the acquisition by Greenko of approximately 35% equity stake in the paid-up equity share capital of TUL (Proposed Combination). Acquirer is a wholly-owned subsidiary […]