CCI clears Punjab State Power Corp’s purchase of GVK Power project
The Competition Commission of India on Tuesday cleared Punjab State Power Corporation’s proposed acquisition of GVK Power (Goindwal Sahib) Ltd.
GVK Power (Goindwal Sahib) is a wholly-owned subsidiary of GVK Energy Ltd, which in turn is the subsidiary of GVK Power and Infrastructure Ltd.
The combination involves the acquisition of 100 per cent stakeholding of GVK Power (Goindwal Sahib) Ltd by Punjab State Power Corporation Ltd (PSPCL).
“CCI approves the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd,” the fair trade regulator said in a post on X.
