CCI approves acquisition of certain shareholding of Continuum Green Energy Holdings Ltd. by Continuum Energy Pte. Ltd.

 CCI approves acquisition of certain shareholding of Continuum Green Energy Holdings Ltd. by Continuum Energy Pte. Ltd.

The Competition Commission of India has approved acquisition of certain shareholding of Continuum Green Energy Holdings Ltd. by Continuum Energy Pte. Ltd. (Continuum SG) by Continuum Energy Pte. Ltd. (CEPL) from Clean Energy Investing Pte. Ltd. Pursuant to the Proposed Combination, Continuum SG will become a wholly owned subsidiary of CEPL.

CEPL is a private limited company organized under the laws of the Republic of Singapore. It operates as a holding company and is, inter alia, the promoter of the Target. In India, CEPL’s affiliates are present, inter alia, in the business of generation of renewable power.

Continuum SG is also a limited company organized under the laws of Republic of Singapore. It is present in India through Continuum Green Energy Limited (Continuum India), and Continuum India’s subsidiaries, which are engaged in the business of generation of renewable power.

Detailed order of the Commission will follow.