National Biodiversity Authority released Rs 55 Lakh to farmers of Red Sanders in TN (See 'Corp Brief') Chouhan directs immediate filling of all vacant posts for better agricultural education (See 'Corp Brief') A&C - Contractual arbitration clauses that permit employee/ex-employee of public body to act as arbitrator must be read alongside neutrality and impartiality requirements and Article 14/19 of Constitution: HC Department of Fisheries to impart Tuna Handling and Export Skills (See 'Corp Brief') Capital Market - If exemption granted is limited to requirements of making open offer under Takeover Regulations, it shall not be construed as exemption from disclosure requirements: SEBI (See 'Legal Desk') National Biodiversity Authority releases Rs 18.3 Lakh to Committees in UP and Sikkim (See 'Corp Brief') IBC - Section 16(2) of IBC clearly requires the IRP to be appointed as suggested by Financial Creditor or Corporate Debtor & such provision does not allow any deviation: HC (See 'Legal Desk') Kurian calls for active registration under NFDP (See 'Corp Brief') PMLA - Provisions of PMLA over other statutes related to property encumbrances; attachment of property is tenable where it is acquired through proceeds of crime: SAFEMA TRIBUNAL (See 'Legal Desk') DPIIT, Primus Partners Pvt. Ltd. ink MoU to bolster startup ecosystem (See 'Corp Brief') PBPT Act - a land sale is indeed a benami transaction, where payment is made by beneficial owner for future benefit of her family, while land is registered in name of somebody else: SAFEMA Tribunal (See 'Legal Desk') DPIIT, Kotak Mahindra Bank ink MoU to enhance financial & non-financial support for startups (See 'Corp Brief') IBC/RTI - CPIO not required to generate, interpret, or explain records; appeal against FAA's order is not tenable where all relevant information is provided: IBBI (See 'Legal Desk') Centre plans inspection drives and field verification to ensure compliance (See 'Corp Brief') India continues to rank 3rd in Annual Forest Gain (See 'Corp Brief') RERA - Promoters are mandatorily required to comply with statutory condition of pre-deposit u/s 43(5) of Real Estate (Regulation and Development) Act, 2016 before appeal can be entertained: HC (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT)

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CCI okays acquisition of 21 SPVs by Gentari Renewables India

Published: Jan 08, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 08, 2025: THE Competition Commission of India has approved the proposed acquisition of 21 SPVs, owning renewable power generation plants, and the holding companies of certain SPVs by Gentari Renewables India Pte. Ltd.

The proposed combination envisages acquisition of 21 special purpose vehicles (SPVs), owning renewable power generation plants, and the holding companies of certain SPVs by Gentari Renewables India Pte. Ltd. (Acquirer).

The Acquirer is an indirect subsidiary of Petroliam Nasional Berhad. The Acquirer is focused on delivering clean energy solutions through three initial core pillars: Renewable Energy, Hydrogen and Green Mobility.

The target entities are engaged in the business of generation and sale of power through wind turbine and solar power plant.

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