Signals, Powered By EquityPandit
CCI, the fair trade regulator has provided its approval to the proposed acquisition of Jindal Steel and Power’s 24 MW wind power generation business in Maharashtra by Parjanya Wind Power.
A business transfer agreement has been inked for this transaction in October.
The Competition Commission of India (CCI) has cleared the deal.
As per the deal, Parjanya, a wholly owned subsidiary of India Infrastructure Fund 11, would be acquiring the 24 MW wind power generation business at Satara, Maharashtra from Jindal Steel and Power.
