CCI approves the proposed combination involving acquisition of Ayana Renewable Power Private Limited (Target) by ONGC NTPC Green Private Limited (Acquirer)

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....CI approves the proposed combination involving acquisition of Ayana Renewable Power Private Limited (Target) by ONGC NTPC Green Private Limited (Acquirer)<BR>News and Press Release<BR>Dated:- 12-3-202....

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....5<BR><BR>The Competition Commission of India has approved the proposed combination involving acquisition of Ayana Renewable Power Private Limited (Target) by ONGC NTPC Green Private Limited (Acquirer)....

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..... The Proposed Combination involves acquisition of 100% equity share capital of the Target by the Acquirer. The Acquirer is joint venture between ONGC Green Limited and NTPC Green Energy Limited, an....

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....d is presently, not engaged in any business activities. ONGC Green Limited and NTPC Green Energy Limited are wholly owned subsidiaries of Oil and Natural Gas Corporation Limited and NTPC Limited, resp....

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....ectively. The Target (including its affiliates) is engaged in the power sector and more specifically, in the business of: (a) generation of power through renewable sources; and (b) transmission of po....

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....wer, in India. Detailed order of the Commission will follow.<BR> News - Press release - PIB....