JSW Energy Ltd.
-6.85 (-1.26%) CCI approves acquisition of share capital of Mytrah’s subsidiaries by JSW Energy’s arm
Date: 30-09-2022The Competition Commission of India (CCI) has approved acquisition of the share capital of eighteen subsidiaries of Mytrah Energy (India) by JSW Neo Energy, a wholly owned subsidiary of JSW Energy, under Section 31(1) of the Competition Act, 2002.
The proposed combination pertains to acquisition of shareholding of 18 subsidiaries (Targets) of Mytrah Energy (India) (Mytrah) through individual share purchase agreements by JSW Neo Energy (Acquirer) (Proposed Combination). The Proposed Combination presents an opportunity to the Acquirer to acquire an operational renewable portfolio of 1,753 MW.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.