{"id":298739,"date":"2019-10-31T10:57:42","date_gmt":"2019-10-31T05:27:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298739"},"modified":"2019-10-31T10:57:42","modified_gmt":"2019-10-31T05:27:42","slug":"abu-dhabi-firm-to-pick-up-minority-stake-in-rahul-munjals-hero-future-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/abu-dhabi-firm-to-pick-up-minority-stake-in-rahul-munjals-hero-future-energy\/","title":{"rendered":"Abu Dhabi firm to pick up minority stake in Rahul Munjal\u2019s Hero Future Energy"},"content":{"rendered":"<p>Mumbai: Abu Dhabi Future Energy Company PJSC, also known as Masdar, one of the largest developers of renewable energy in the Middle East, is picking up a minority stake in the renewable energy company Hero Future Energies Pvt. Ltd owned by Rahul Munjal of Hero Group, according to a filing made to the Competition Commission of India (CCI).<\/p>\n<p>The offer was filed for an approval from CCI on 28 October under the green channel route for mergers &amp; acquisitions, which allows fast and automatic approvals for clean energy projects.<\/p>\n<p>The transaction will see Masdar pick up equity stake in overseas entities that control Hero Future Energies Pvt. Ltd, as well as subscribing to non-voting compulsorily convertible preference shares in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Abu Dhabi Future Energy Company PJSC, also known as Masdar, one of the largest developers of renewable energy in the Middle East, is picking up a minority stake in the renewable energy company Hero Future Energies Pvt. Ltd owned by Rahul Munjal of Hero Group, according to a filing made to the Competition Commission of India (CCI). The offer was filed for an approval from CCI on 28 October under the green channel route for mergers &amp; acquisitions, which allows fast and automatic approvals for clean energy projects. The transaction will see Masdar pick up equity stake in overseas [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-298739","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298739"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298739\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}