New Delhi, October 13, 2020: The Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar. Adani Green Energy Twenty Three Ltd -- a joint venture of Total Solar Singapore Pte Ltd and Adani Green Energy Ltd -- will buy the assets from Adani Green Energy Ltd.

The CCI on Tuesday said it has approved "acquisition of solar energy generation assets by Adani Green Energy Twenty Three Ltd - a joint venture of Total Solar Singapore Pte. Ltd. & Adani Green Energy Limited". Pursuant to the proposed combination, AGE23L will acquire 100 per cent of the share capital of Adani Green Energy Ten Ltd (AGE10L), which is the holding entity of the target companies.

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

News Courtesy:PIB | Hindu| DC | LE | LI | LO | IE | LL | PTI |ht | ET | UNI | DNA | FP | Jurist |IndToday|

Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced supplied by the concerned either as press release, press statement or via other source of information, websearch engines and internet and do not reflect views of Lawtime and hence Lawtime is not responsible or liable for the same. As a source and news provider, India info Comm Network's website Lawtime.in is not responsible for any of the copy right violation or for accuracy, completeness, suitability and validity of any information in this news article

Comments

Name*:
Phone number:
Email address*:
Comments and questions*:
Enter web form code*: reload image * - required fields.