The Competition Commission of India (“CCI”), vide Press Release No. 112/2024-25[1] dated March 17, 2025, approved the proposed acquisition of 100% (hundred percent) shareholding in O2 Power Midco Holdings Pte. Ltd. (“O2 Midco”) and O2 Energy SG Pte. Ltd. (“O2 Energy”) by JSW Neo Energy Limited (“JSW Neo”).
The entities involved in the proposed acquisition are:
- JSW Neo, a wholly owned subsidiary of JSW Energy Limited (“JEL”), a publicly listed entity under the JSW Group. JEL, through its subsidiaries, is engaged in power generation and transmission through both conventional and non-conventional energy sources.
- O2 Power Midco and O2 Energy, through their subsidiaries, are engaged in renewable power generation, including wind and solar energy projects.
[1] https://www.cci.gov.in/media-gallery/press-release/details/499/0