CCI approves Abu Dhabi Future Energy’s equity stake purchase in Hero Future
The Competition Commission of India (CCI) has given nod under the green channel route to Abu Dhabi Future Energy Company for acquiring equity stake in Hero Future Energies Global Ltd.
Besides, the transaction also involves acquisition of non-voting compulsorily convertible preference shares in Hero Future Energies Private Ltd.
“The proposed combination in terms of…Combination Regulations (i.e. notice for approval of combinations under green channel) is deemed to be approved,” the CCI said in a statement.
The Abu Dhabi Future Energy Company PJSC (Masdar) is an international renewable energy and sustainability company that provides solutions in energy, water, urban development and clean technologies, it added.
