ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

CCI approves oil major Shell's acquisition of Solenergi Power

New Delhi [India], July 12 (ANI): The Competition Commission of India (CCI) has approved the acquisition of Solenergi Power Private Limited by Shell Overseas Investments B.V.'s from Actis Solenergi Limited.

ANI Jul 12, 2022 13:29 IST googleads

Representative Image

New Delhi [India], July 12 (ANI): The Competition Commission of India (CCI) has approved the acquisition of Solenergi Power Private Limited by Shell Overseas Investments B.V.'s from Actis Solenergi Limited.
The proposal pertains to the acquisition of 100 per cent shareholding and sole control by the acquirer -- Shell Overseas Investments B.V.'s, CCI said in a statement on Tuesday.
The acquirer company Shell Overseas Investments B.V.'s is incorporated in the Netherlands and is a part of the oil and gas firm Shell group.
Shell 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, the statement added.
Detailed order of the commission regarding the approval will follow, it added. (ANI)

Get the App

What to Read Next

Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.