{"id":303436,"date":"2019-11-29T12:01:12","date_gmt":"2019-11-29T06:31:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303436"},"modified":"2019-11-29T12:08:16","modified_gmt":"2019-11-29T06:38:16","slug":"cci-approves-37-4-pc-stake-buy-joint-control-of-adani-gas-by-total-group","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cci-approves-37-4-pc-stake-buy-joint-control-of-adani-gas-by-total-group\/","title":{"rendered":"CCI approves 37.4 pc stake-buy, joint control of Adani Gas by Total Group"},"content":{"rendered":"<p>NEW DELHI: The Competition Commission on Thursday said it has given approval to the acquisition of 37.4 per cent shareholding and joint control by Total Group in AdaniNSE 4.63 % Gas.<\/p>\n<p>The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates (Total Group) given the future of natural gas business in India.<\/p>\n<p>&#8220;Total Group believes in the initiatives taken by the Government of India to increase the reliance on natural gas instead of petroleum-based products,&#8221; the Competition Commission of India (CCI) noted.<\/p>\n<p>It further noted that the deal would contribute towards bridging the energy deficit and augment supply of natural gas in India and further enable Total Group to provide services in a cost-efficient manner and meet the country&#8217;s long-term need for cleaner energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Competition Commission on Thursday said it has given approval to the acquisition of 37.4 per cent shareholding and joint control by Total Group in AdaniNSE 4.63 % Gas. The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates (Total Group) given the future of natural gas business in India. &#8220;Total Group believes in the initiatives taken by the Government of India to increase the reliance on natural gas instead of petroleum-based products,&#8221; the Competition Commission of India (CCI) noted. It further noted that the deal would contribute towards bridging the energy deficit [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-303436","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303436","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=303436"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303436\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}