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ONGC-NTPC Gets CCI Approval for Ayana Acquisition
Financial Express Chennai
|March 12, 2025
The Competition Commission of India on Tuesday cleared ONGC-NTPC Green's proposal to acquire renewable energy firm Ayana for ₹19,500 crore ($2.3 billion).
ONGC-NTPC Green (ONGPL) is a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy (NGEL).
"The proposed combination involves the acquisition of 100% equity share capital of the target (Ayana Renewable Power) by the acquirer (ONGC-NTPC Green)," the regulator said. ONGC Green and NTPC Green Energy are wholly-owned subsidiaries of Oil and Natural Gas Corporation (ONGC) and NTPC, respectively.
Cette histoire est tirée de l'édition March 12, 2025 de Financial Express Chennai.
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