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.
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.”
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