CCI Approves ONGPL's Acquisition of Ayana Renewable Power for Rs. 19,500 Crore and AMG's Stake Acquisition in Greenko Energy.

Economy Business

On March 11, 2025, the Competition Commission of India (CCI) approved the following proposals:


      - 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.

     

Main Point :-   (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.


About Competition Commission of India (CCI)

Chairperson: Ravneet Kaur
Headquarters : New Delhi
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