18.19 lakh new workers enrolled under ESI in Jan month (See 'Corp Brief') Credit to women by PSBs - Substantial increase over last 5 years: MoS (See 'Corp Brief') A&C - If renewal of contract is based on criteria of performance, contract is deemed to have to been extended, if said criteria is met: HC (See 'Legal Desk') MeitY to host 'Nano Electronics Roadshow' at Bengaluru (See 'Corp Brief') IPR - Clear case of capitalizing on plaintiff's goodwill & reputation, by infringing products bearing plaintiffs trademark, calls for compensation and damage cost: HC (See 'Legal Desk') 12 Mines Successfully auctioned: Govt (See 'Corp Brief') IBC - Commercial wisdom of Committee of Creditors (CoC) in rejecting resolution plan and opting for liquidation is 'non-justiciable': NCLAT (See 'Legal Desk') IICA launches Samarthya: National Competition on Corporate Rescue Strategies 2025 (See 'Corp Brief') NI Act - Cause of action u/s 138 arises only when amount remains unpaid even after expiry of fifteen days from date of receipt of demand notice: SC (See 'Legal Desk') APEDA facilitates export of Anthurium flowers from Mizoram to Singapore (See 'Corp Brief') Competition Act - Transaction is notifiable and by consummating same without filing notice u/s 6(2) of Act, GS is liable to penalty u/s 43A of Act: CCI (See 'Legal Desk') Goa Shipyard launches second P1135.6 frigate (See 'Corp Brief') IBC - Mere absence of option to purchase leased equipments vested in Corproate Debtor can not make financial lease as operational lease: NCLT (See 'Legal Desk') 'Building Climate-Resilient Future' symposium concludes with commitment to Action (See 'Corp Brief') Most prudent course of action is to direct company to refund money raised through IPO, if company relied on sham entity and participated in cover-up: SEBI (See 'Legal Desk') Indian Army organises Special Cataract Eye Surgery Camp for Ex-servicemen (See 'Corp Brief') Stock broker shall be liable for monetary penalty in respect of violations, inter-alia namely, extending use of trading terminal to any unauthorized person or place: SEBI (See 'Legal Desk') Change by Heraclitus and LODR Regulations (See 'Corp EINSICHT')

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CCI okays acquisition of certain shareholding in Greenko Energy Holdings of ORIX Corporation

Published: Mar 12, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 12, 2025: THE Competition Commission of India has approved the acquisition of certain shareholding in Greenko Energy Holdings of ORIX Corporation by AMG Green Power B.V. and subscription of certain convertible notes of AM Green (Luxembourg) S.A.R.L by ORIX Corporation.

The Proposed Combination envisages the proposed acquisition by AMG Green Power B.V. (AMG Power) of certain shareholding in Greenko Energy Holdings (GEH) from ORIX Corporation (ORIX) and proposed issuance of certain convertible notes by AM Green (Luxembourg) S.À.R.L (AMG Lux) to ORIX.

AMG Power is a newly incorporated entity and is currently not engaged in any business activities either in India or outside India. AMG Lux is a holding company and does not have any business operations either in India or outside India.

ORIX is the holding company of the ORIX group offering a wide variety of services, including corporate financial services (financing, leasing, and solutions for small and medium-size enterprises), maintenance leasing (automobile leasing, rental and car sharing and IT-related equipment rentals and leasing), real estate, private equity investments, life insurance, banking and credit, asset management, environment and energy services (including power generation). In India, ORIX, directly or indirectly is engaged in automobile leasing, commercial vehicle loans, provision of financial services, infrastructure investment, asset management services and power generation.

GEH is a player in the renewable energy sector, focusing on building and operating clean energy assets. In India, GEH operates a portfolio of renewable energy assets, consisting of wind, solar, hydro, and energy storage technologies spread across states.

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