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CCI Approves Acquisition of Share Capital in Adani Green Energy by a Subsidiary of Total SE

CCI Approves Acquisition of Share Capital in Adani Green Energy by a Subsidiary of Total SE
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New Delhi: The Competition Commission of India (CCI) on Monday said it had approved the acquisition of share capital in Adani Green Energy by a Total SE subsidiary.

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

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

The transaction comprises acquiring 100 percent 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 Pte Ltd (GIC Investor) and CPP Investment Board Private Holdings (CPPIB).

The suggested assortment is in line with the individual business purposes of Baring Private Equity Asia and the co-investors, a notice filed with CCI said.

“From Virtusa’s perspective, the Proposed Combination allows Virtusa to maximize value and deliver a significant, immediate cash premium to Virtusa’s shareholders,” it added.

The regulator in a tweet said the “Commission approves acquisition of a stake in Ecom by PG Esmeralda (Partners Group).”

The acquisition would be through purchase and subscription of shares of Ecom Express Pvt Ltd by PG Esmeralda, a CCI notice said.

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Written by Ritik Gupta

His name is Ritik Gupta; currently pursuing law. He has always kept pride as his everything. He deems writing as not like any other hobby but a reflection of one’s intellectuality. He likes to research on the parasitic problems and then lay them down in such a means that can be of assistance to the society. He just not studies law but treats it a controversial weapon to defeat the wrong.

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