Press Information Bureau

07.05.2024

MRTP/ Competition Laws

CCI approves acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited

MANU/PIBU/0371/2024

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.

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 purpose of the implementation of the 1200 Mega Watt (MW) (6 Units of 200 MW each) hydro power project in North Sikkim, India.

Tags : Acquisition Approval Additional shares

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