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CCI approves acquisition of additional shares in Sikkim Urja Ltd by Greenko Energies

CCI approves acquisition of additional shares in Sikkim Urja Ltd by Greenko Energies

| @indiablooms | 08 May 2024, 01:34 am

New Delhi: The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited, the anti-trust watchdog said in a press release on Tuesday.

Greenko Energies is a limited liability company incorporated in India. It is an (indirectly) wholly-owned subsidiary of Greenko Mauritius.

Greenko Mauritius is wholly owned by Greenko Energy Holdings (GEH), a company incorporated in Mauritius, which is the holding company of the Greenko group of companies.

GEH is an investment holding company, having its investments in a portfolio of companies engaged in the power generation sector in India.

Sikkim Urja is a special purpose vehicle incorporated for the implementation of the 1200 Mega Watt (MW) (6 Units of 200 MW each) hydropower project in North Sikkim, India.

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