Delhi HC Rejects Plea Against BCCI Team Named 'Team India', Terms it a Sheer Waste of Time  ||  Bombay HC: No Absolute Right for Citizens to Access Public Offices  ||  Delhi HC: Suit Withdrawal After Compromise Doesn’t Result in Executable Decree  ||  Delhi HC: ITSC Abolition Doesn’t Void Settlement Pleas Filed Between Feb 1–Mar 31, 2021  ||  Rajasthan HC: State Must Set Up Trauma Centre, Art Institute; Temple Board Can Only Assist  ||  Kerala HC: LIC Cancer Cover Starts From First Diagnosis After Waiting Period, Not Expert Opinion  ||  Kerala HC: Spouse’s Ill Treatment of Children is Cruelty under Section 10(1) Divorce Act  ||  Supreme Court Acquits Chennai Man Sentenced to Death in Child Rape-Murder Case  ||  SC: Only Disclosure Leading to Weapon Recovery Admissible under Section 27 Evidence Act  ||  Supreme Court Orders Strict Enforcement on Helmets, Lane Discipline & Headlight Use    

CCI approves acquisition of stake in Apraava Energy Private Limited by CDPQ Infrastructures Asia II Pte. Ltd.- (Press Information Bureau) (05 Sep 2022)

MANU/PIBU/3805/2022

Commercial

The Competition Commission of India (CCI) approves acquisition of stake in Apraava Energy Private Limited (Target) by CDPQ Infrastructures Asia II Pte. Ltd. (Acquirer) under Section 31(1) of the Competition Act, 2002.

The Proposed Combination pertains to the acquiring an additional 10% shareholding in the Target from CPL GPEC (Mauritius) Holding Limited. The Acquirer presently holds 40% shareholding in the Target.

The Acquirer is incorporated in Singapore and is a direct and wholly owned subsidiary of Caisse de depot et placement du Quebec, a long-term institutional investor with net assets of approximately CAD 420 billion invested globally that manages funds primarily for public and para-public pension and insurance plans.

The Target is a foreign investment in the Indian power sector with an investment spread across renewable energy (including wind and solar), transmission, supercritical coal and gas fired generation. The Target entered the country in 2002 and has since expanded its portfolio of operating conventional and renewable assets.

Tags : APPROVAL   ACQUISITION   STAKE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved