Indian Law

India’s CCI OKs Adani Green Energy Deal 

The Competition Commission of India (CCI) on Monday, January 11, stated it has approved acquisition of share capital in Adani Green Energy by a subsidiary of Total SE.

“Commission approves acquisition by Total SE through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited,” the regulator wrote in a tweet.

In a separate tweet, CCI gave nod to acquisition of 100% equity interest and joint control in Virtusa Corporation by Baring and other investors.

The transaction involves acquisition of 100% equity interest and joint control in Virtusa by an entity wholly-owned by funds affiliated with Baring Private Equity Asia, Austin HoldCo, and co-investors Atago Investment (GIC Investor) and CPP Investment Board Private Holdings (CPPIB).

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