A PYMNTS Company

India’s CCI Clears Solar Energy Deal

By  |  October 13, 2020

Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar, reported Financial Express. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Adani Green Energy Twenty Three, a joint venture of Total Solar Singapore and Adani Green Energy, will buy the assets from Adani Green Energy.

    According to a combination notice filed with the watchdog, Adani Green Energy Twenty Three will acquire 100% shareholding of ten target companies. Adani Green Energy Ten is the holding entity of the target companies.

    In a tweet on Tuesday, October 13, the CCI wrote that it has approved “acquisition of solar energy generation assets by Adani Green Energy Twenty Three, a joint venture of Total Solar Singapore & Adani Green Energy.”

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.