{"id":221615,"date":"2019-10-31T13:30:30","date_gmt":"2019-10-31T08:00:30","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=221615"},"modified":"2019-10-31T00:26:19","modified_gmt":"2019-10-30T18:56:19","slug":"cci-receives-combination-notice-under-green-channel-scheme-by-abu-dhabi-future-energy-company-p-j-s-c-masdar","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/31\/cci-receives-combination-notice-under-green-channel-scheme-by-abu-dhabi-future-energy-company-p-j-s-c-masdar\/","title":{"rendered":"CCI receives combination notice under green channel scheme by Abu Dhabi Future Energy Company P.J.S.C. – Masdar"},"content":{"rendered":"

The notification relates to the acquisition of a certain stake through equity in Hero Future Energies Global Ltd (\u201cHFE UK\u201d) and non-voting compulsorily convertible preference shares in Hero Future Energies Private Ltd. (\u201cHFE India\u201d) by Abu Dhabi Future Energy Company P.J.S.C.-Masdar (\u201cAcquirer\u201d).<\/p>\n

The Acquirer, an entity incorporated in Abu Dhabi, is an international renewable energy and sustainability company that provides solutions in energy, water, urban development and clean technologies. HFE India, a company incorporated in India, is a wholly-owned subsidiary of Hero Future Energies Asia Pte. Ltd, which is 100% held by HFE UK.<\/p>\n

HFE India is primarily engaged in the implementation of power projects and generation of power through renewable sources of energy, and also provides professional consultancy services in relation thereto.<\/p>\n

The Proposed Combination in terms of Regulation 5A of the Combination Regulations (i.e.<\/em> notice for approval of Combinations under Green Channel) is deemed to be approved upon filing and acknowledgment thereof.<\/p>\n

Summary of the Proposed Combination is available at:<\/p>\n

https:\/\/www.cci.gov.in\/sites\/default\/files\/notice_order_summary_doc\/SummaryunderRegulation131A.<\/a><\/p>\n

\n

Ministry of Corporate Affairs<\/strong><\/p>\n

[Press release dt. 30-10-2019]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The notification relates to the acquisition of a certain stake through equity in Hero Future Energies Global Ltd (\u201cHFE UK\u201d) and non-voting <\/p>\n","protected":false},"author":8808,"featured_media":76441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[],"class_list":["post-221615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news"],"yoast_head":"\nCCI receives combination notice under green channel scheme by Abu Dhabi Future Energy Company P.J.S.C. - Masdar | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Raman, Whole Time Member, SEBI and Mr. Richard Teng,\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/SEBI-Bilateral.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/SEBI-Bilateral.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/SEBI-Bilateral.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/SEBI-Bilateral.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/SEBI-Bilateral.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":256094,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/27\/cci-gives-approval-for-acquisition-of-shareholding-in-hdfc-ergo-general-insurance-co-ltd\/","url_meta":{"origin":221615,"position":5},"title":"Mergers & Acquisitions (M&A) | CCI gives approval for acquisition of shareholding in HDFC Ergo General Insurance Co. Ltd. by HDFC Bank Ltd.","author":"Bhumika Indulia","date":"October 27, 2021","format":false,"excerpt":"Acquisition approval by Competition Commission of India\u00a0 The Competition Commission of India (CCI) approves acquisition by HDFC Bank Limited (Acquirer) of shareholding in HDFC ERGO General Insurance Company Limited (Target) under Section 31(1) of the Competition Act, 2002. The Proposed Combination involves acquisition of 4.99% of the outstanding equity share\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/221615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=221615"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/221615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/76441"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=221615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=221615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=221615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}