CCI approves acquisition of percentage capital of 18 subsidiaries of Mytrah Power by way of JSW Power

NEW DELHI : The Pageant Fee of India (CCI) on Thursday mentioned it has licensed acquisition of of the proportion capital of eighteen subsidiaries of Mytrah Power (India) Pvt. Ltd by way of JSW Neo Power, a subsidiary of JSW Power Ltd.

The proposed aggregate relates to acquisition of shareholding of 18 (eighteen) subsidiaries (Objectives) of Mytrah Power (India) Personal Restricted (Mytrah) via person percentage acquire agreements by way of JSW Neo Power Restricted (Acquirer) (Proposed Aggregate), the Pageant Fee of India mentioned in a observation.

The Proposed Aggregate gifts a possibility to the Acquirer to obtain an operational renewable portfolio of one,753 MW, it added.

The Acquirer is an entirely owned subsidiary of JSW Power Restricted (“JEL”) and was once integrated as in line with JEL’s proposed reorganisation of its power trade into gray (thermal) and inexperienced (renewable). 

Lately, the Acquirer is engaged in energy era via renewable assets of power corresponding to hydro and sun.

The goals are subsidiaries of Mytrah and are engaged in energy era via renewable assets of power, viz., wind and sun.

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