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 a
India, June 10 -- 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) manufacture and sale of several products such as fans, lightings, switc...
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