The Competition Commission of India has approved the proposed acquisition of 100% shareholding of O2 Power Midco Holdings Pte. Ltd. and O2 Energy SG Pte. Ltd. by JSW Neo Energy Limited.

The Proposed Combination involves the acquisition by JSW Neo Energy Limited of 100% shareholding of O2 Power Midco Holdings Pte. Ltd. (O2 Midco) and O2 Energy SG Pte. Ltd. (O2 Energy).

JSW Neo Energy Limited (JSW Neo/Acquirer), is a wholly owned subsidiary of JSW Energy Limited (JEL) (a listed entity) which belongs to the JSW Group. JEL (through its subsidiaries) is inter alia engaged in power generation and transmission through conventional and nonconventional sources.

O2 Power Midco Holdings Pte. Ltd. and O2 Energy SG Pte. Ltd. (collectively, referred as Targets), through their subsidiaries, are engaged in renewable power generation (wind and solar power generation).

Detailed order of the Commission will follow.

Merger control approval for JSW Neo Energy's acquisition of O2 renewable power businesses granted, pending detailed order. The Competition Commission of India approved JSW Neo Energy Limited's acquisition of the entire shareholding of O2 Power Midco Holdings Pte. Ltd. and O2 Energy SG Pte. Ltd.; the Targets operate renewable power generation businesses (wind and solar) through subsidiaries, and JSW Neo Energy is a wholly owned subsidiary of a listed group entity engaged in power generation and transmission; a detailed order will follow.