CCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius

New Delhi: Fair trade regulator CCI has approved the acquisition of about 35 per cent equity stake in Teesta Urja Ltd by Greenko Mauritius, according to the Ministry of Corporate Affairs. “The proposed combination relates to the acquisition by Greenko of approximately 35 per cent equity stake in the paid-up equity share capital of Teesta Urja Ltd,” it said in a release.

Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings.

Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim, the release said.