Question: The Competition Commission of India (CCI) has recently approved the formation of Joint Venture between Adani Green Energy Limited and Total S.A. for business in which of the following sector?
(a)Mining
(b)Cargo export
(c)Solar energy
(d)Natural gas
Answer: (c)
Related facts:
- The Competition Commission of India (CCI) has approved the formation of Joint Venture between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India on April 1, 2020.
- The proposed combination envisages Adani Green Energy Limited transferring certain of its subsidiaries to a newly incorporated company (JV). Subsequently, Total S.A. would directly or indirectly acquire 50% of the equity share capital of the JV.
- Total S.A. is the ultimate parent entity of the Total Group. Total Group is an international integrated energy producer with operations in every sector of the oil and gas industry and is also involved in renewable energy and power generation sectors in India.
Author: Himanshu Shukla
Links:
https://www.pib.gov.in/PressReleseDetail.aspx?PRID=1610028