CCI APPROVES ACQUISITION OF CERTAIN ISSUED AND PAID-UP EQUITY SHARE CAPITAL OF GOLDI SOLAR PRIVATE LIMITED BY HAVELLS INDIA LIMITED AND ACQUISITION OF 100% PARTNERSHIP INTEREST OF VAMA INVERTERS LLP AND GOLDI ENERGY LLP BY GOLDI SUN PRIVATE LIMITED

India, June 10 -- The Government of India issued the following news release:

The Competition Commission of India has approved the acquisition of certain issued and paid-up equity share capital of Goldi Solar Private Limited by Havells India Limited and acquisition of 100% partnership interest of Vama Inverters LLP and Goldi Energy LLP by Goldi Sun Private Limited.

The Proposed Combination comprises acquisition of: (i) less than 10% of the issued, subscribed and paid-up equity share capital of the Goldi Solar Private Limited (Target) by Havells India Limited (HIL); and (ii) 100% partnership interest of Vama Inverters LLP (Vama) and Goldi Energy LLP (Goldi Energy) by Goldi Sun Private Limited (Goldi Sun).

HIL is engaged in the: (a) manufac...