CCI Clears Gentari Renewables' Acquisition of 21 Special Purpose Vehicles

09 Jan 2025 CW Team

The Competition Commission of India (CCI) approved the proposal by US-based global investment firm Carlyle to acquire a 68.9 per cent stake in Roop Automotives (RAL). The regulator explained that the proposed transaction includes several interconnected steps, including a securities swap between Highway Industries (HIL) shareholders and RAL, ultimately leading to the acquisition of up to 68.9 per cent of RAL's shareholding by the investor.

CA Carob Investments, the Mauritius-based special-purpose vehicle (SPV), is controlled by affiliates of the Carlyle Group. As of September 30, 2024, Carlyle manages assets worth $447 billion.

Both RAL and HIL are involved in the manufacturing and sale of auto components. The CCI confirmed the approval of the proposed combination, which involves interconnected steps, including the acquisition of a 68.9 per cent stake in RAL by CA Carob Investments.

In a separate release, CCI also cleared Gentari Renewables India 's proposed acquisition of 21 special purpose vehicles (SPVs), which own renewable power generation plants and holding companies of other SPVs. Gentari Renewables India, an indirect subsidiary of Petroliam Nasional Berhad, focuses on providing clean energy solutions, including renewable energy, hydrogen, and green mobility.

The SPVs involved in the deal are engaged in power generation and sales through wind turbines and solar power plants. These transactions, which exceed certain thresholds, require approval from the CCI, which monitors business practices to ensure fair competition in the market.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..