Quick Summary
The Competition Commission of India (CCI) approves acquisition by Total SE (Total/Acquirer) through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited (AGEL) under Section 31(1) of the Competition Act, 2002, today The Proposed Combination entails minority investment by Total SE, through its wholly owned subsidiary Total Renewables SAS, in AGEL which is the renewable energy arm of the Adani Group. Total SE is the ultimate parent entity of the Total Group. Tot
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FAQ :
The CCI has approved the acquisition by Total SE, through its subsidiary Total Renewables SAS, in the share capital of Adani Green Energy Limited (AGEL).
Total SE, an international integrated energy producer, is acquiring a stake through its wholly owned subsidiary, Total Renewables SAS.
AGEL is engaged in power generation through renewable energy in India, specifically solar and wind energy, and also develops solar parks.
Total SE is making a minority investment in AGEL.
Yes, AGEL is a public listed company incorporated in India and is listed on the BSE Limited and National Stock Exchange of India Limited.
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