CCI Approves ONGPL's Acquisition of Ayana Renewable Power for Rs. 19,500 Crore and AMG's Stake Acquisition in Greenko Energy. Economy Business | Dated: 13 Mar 2025 On March 11, 2025, the Competition Commission of India (CCI) approved the following proposals: 🎯 Key Highlights: - ONGC NTPC Green Private Limited (ONGPL), based in New Delhi (Delhi), acquired 100% equity share capital of Ayana Renewable Power Private Limited, based in Bengaluru (Karnataka), for Rs. 19,500 crore (USD 2.3 billion). - This acquisition marks the second-largest deal in the renewable energy sector, after Adani Green Energy Limited (AGEL) acquired SB Energy India from SoftBank Group Corp. and Bharti Group in an all-cash deal worth USD 3.5 billion in 2021. 💡 Other Important Facts: (i) The Netherlands-based Asset Management Group (AMG) Green Power BV acquired a stake in Greenko Energy Holdings (GEH), based in Hyderabad (Telangana), from ORIX Corporation, a diversified financial services group based in Japan. (ii) In addition, the CCI also approved ORIX's subscription to convertible notes issued by AM Green (Luxembourg) S.A.R.L., a Société à Responsabilité Limitée. 📚 Test Your Knowledge: Recently, ONGC NTPC Green Private Limited (ONGPL) acquired Ayana Renewable Power for how much? Correct Answer: 19,500 crore 🚀 Quick Recap: About Competition Commission of India (CCI) Chairperson: Ravneet Kaur Headquarters : New Delhi