CCI clears KKR-linked entity's investment in Gentari Renewables India
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Competition Commission of India on Tuesday approved the investment by Sapphire US HoldCo in Gentari Renewables India.
- ✓This entity is owned by KKR & Co Inc.
- ✓Gentari focuses on renewable power and battery storage.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Competition Commission of India (CCI) on Tuesday approved the proposed subscription to certain securities of Gentari Renewables India Pte Ltd by Sapphire US HoldCo (USA), LLC, an investment vehicle indirectly owned by funds and accounts advised and managed by subsidiaries of global investment firm KKR & Co Inc.
According to a press release issued by the competition regulator, Gentari Renewables India is an indirect wholly owned subsidiary of Malaysian energy major Petroliam Nasional Berhad (Petronas) and belongs to the Petronas group. It is engaged in power generation through renewable energy sources and battery energy storage solutions in India.
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