CCI approves acquisition by Total SE through its
subsidiary Total Renewables SAS in share capital of Adani Green Energy
Limited
The
Competition Commission of India (CCI) approves acquisition by Total SE
(‘Total/Acquirer’) through its subsidiary Total Renewables SAS in share
capital of Adani Green Energy Limited (“AGEL”) under Section 31(1) of
the Competition Act, 2002, today
The
Proposed Combination entails minority investment by Total SE, through
its wholly owned subsidiary Total Renewables SAS, in AGEL which is the
renewable energy arm of the Adani Group.
Total SE is the ultimate parent entity of the Total Group. Total SE
(along with its subsidiaries and affiliates) (Total Group) is an
international integrated energy producer with operations in every sector
of the oil and gas industry. Total Group is also involved in the
renewable energy and power generation sectors.
AGEL is a public listed company incorporated in India, listed on the
BSE Limited and National Stock Exchange of India Limited. AGEL is
engaged in power generation through renewable energy in India (i.e.
through solar and wind energy). AGEL is also engaged in the business of
development of solar parks.
{ With input from news agency language)
If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure
0 Comments