A PYMNTS Company

CCI approves deal giving Tata Power 100 percent ownership of Tata BP Solar

By  |  February 26, 2012
CCI approves deal giving Tata Power 100 percent ownership of Tata BP Solar

The Competition Commission of India has approved Tata Power’s proposed acquisition of a 51 percent stake in Tata BP Solar from its joint venture partner BP Alternative Energy Holdings. The deal will leave Tata Power owning 100 percent of Tata BP Solar. The CCI found that the transaction would not create any adverse competition concerns, as Tata Power and Tata BP Solar are not engaged in the production, supply, distribution, storage, sale or trade of similar goods or services. Moreover, Tata Power and BP have entered into a technology agreement to grant BP continued access to certain BP technology until 2013.

    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.

    Source: The Hindu Business Line

     

    Related Content: Competition Commission of India’s Trysts with Law and Policy: Enforcement One Year On (Pallavi Shroff & Harman Sandhu, Amarchand & Mangaldas & Suresh A Shroff & Co)