CCI approves acquisition of certain equity shareholding in Continuum Green Energy Ltd by Chubu Electric Power Company Netherlands B.V.

The Competition Commission of India (CCI) has approved the acquisition of certain equity shareholding in Continuum Green Energy Limited by Chubu Electric Power Company Netherlands B.V. The proposed combination involves both primary subscription and secondary purchase of equity shares from Continuum Green Energy Holdings Ltd., Singapore. The acquirer is a wholly owned subsidiary of Chubu Electric Power Co., Inc., Japan, engaging in investment and management functions, while the parent company operates in power generation, transmission, and distribution from renewable sources. The target company, Continuum Green Energy Limited, and its subsidiaries are primarily engaged in generating and selling power through renewable sources like wind and solar in India.