CCI approves ONGC NTPC Green's acquisition of Ayana Renewable Power
The Competition Commission of India on 11 March 2025 approved the acquisition of 100% of Ayana Renewable Power Private Limited by ONGC NTPC Green Private Limited.
Summary
The Competition Commission of India (CCI) approved on 11 March 2025 the acquisition of 100% of the equity share capital of Ayana Renewable Power Private Limited by ONGC NTPC Green Private Limited. The acquirer is a joint venture of ONGC Green Limited and NTPC Green Energy Limited, wholly owned subsidiaries of ONGC and NTPC respectively, and had no business activity of its own. Ayana and its affiliates generate power from renewable sources and transmit power in India.
Key facts
- Approved
- 11 March 2025, Competition Commission of India
- Target
- Ayana Renewable Power Pvt Ltd (100%)
- Acquirer
- ONGC NTPC Green Pvt Ltd — JV of ONGC Green and NTPC Green Energy
Practice MCQs 1 questions
Which renewable energy company's acquisition by ONGC NTPC Green Private Limited did the CCI approve on 11 March 2025?
Show answer
Correct answer: B — Ayana Renewable Power
The CCI approved the acquisition of 100% of Ayana Renewable Power Private Limited by ONGC NTPC Green, a JV of ONGC Green and NTPC Green Energy.