CCI nods acquisition of Solenergi Power by Shell Overseas from Actis Solenergi

12 Jul 2022 , 01:23 PM

The Competition Commission of India (CCI has approved acquisition of Solenergi Power Private Limited by Shell Overseas Investments B.V.’s from Actis Solenergi Limited on Monday.

As per the government releases data, the proposed combination pertains to acquisition of 100% shareholding and sole control of the Target by the Acquirer.

Shell Overseas is a company incorporated in the Netherlands and is a part of the Shell group. It is a holding company. Shell Plc is the ultimate holding company and directly and indirectly owns investments in various companies (Shell Group). Shell Plc’s shares are listed on the London Stock Exchange, Euronext Amsterdam and the New York Stock Exchange.

The Shell Group is a global group of energy and petrochemical companies with 83,000 employees in more than 70 countries.

Solenergi Power is an investment company incorporated in Mauritius, belonging to the Actis group. It currently has investments in the renewable energy sector in India.