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CCI approves acquisition of SB Energy Holding Limited by Adani Green Energy Limited
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....CI approves acquisition of SB Energy Holding Limited by Adani Green Energy Limited <br>News and Press Release<br>Dated:- 1-7-2021<br><BR>The Competition Commission of India (CCI) approves acquisition ....
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....by Adani Green Energy Limited ("Acquirer") of SB Energy Holding Limited ("Target") under Section 31(1) of the Competition Act, 2002, yesterday. The Proposed Combination envisages the acquisition of t....
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....he entire (i.e., 100%) shareholding of the Target by the Acquirer from the Target's existing shareholders. The Acquirer is engaged in the business of power generation through renewable energy. The Ac....
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....quirer is part of the Adani group, which is an Indian multinational conglomerate comprising of six publicly traded companies. In India, the Acquirer and its subsidiaries are engaged in the business of....
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.... power generation inter alia through (i) solar energy, (ii) wind energy and (iii) hybrid energy. The Target, through various special purpose vehicles ("SPVs") is engaged in generation, supply and sal....
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....e of electricity and energy produced from renewable sources. The Target is the ultimate holding company for SPVs formed in India that focus on developing renewable energy projects. Detailed order of ....
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....the CCI will follow.<BR> News - Press release - PIB....