CCI Clears Generation Investment Management's Stake in Continuum Green Energy

The Competition Commission of India (CCI) has approved Generation Investment Management's proposed stake acquisition in Continuum Green Energy. This investment, worth USD 150 million through Just Climate fund, poses no competitive overlap in India, and has been greenlit under the 'green channel' route.

The Competition Commission of India (CCI) has given the nod to Generation Investment Management's proposed stake acquisition in Continuum Green Energy. The approval paves the way for a significant USD 150 million investment by GIM through its Just Climate fund.

The acquisition will see JC Infinity (B) Ltd, a subsidiary of GIM, subscribe to certain equity shares in Continuum Green Energy. This transaction is part of a larger strategy to enhance GIM's portfolio in the renewable energy sector, aligning with its mission of sustainable investing.

The CCI has confirmed that the proposed transaction does not exhibit any horizontal, vertical, or complementary overlaps in India's relevant markets. Approved under the 'green channel' route, the deal is seen as posing no risk to market competition upon notification.

(With inputs from agencies.)