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CCI Approves JV between Adani Green Energy and Total S A

The Competition Commission of India (CCI) has approved the formation of a joint venture (JV) between Adani Green Energy and Total S A in the business of power generation through solar energy in India.

 

The proposed combination envisages Adani Green Energy transferring certain of its subsidiaries to a newly incorporated company JV. Later, Total S A will directly or indirectly acquire 50 percent of the equity share capital of the JV.

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