CCI Clears Havells' Stake Buy in Goldi Solar and Vama Inverters LLP
POWER & RENEWABLE ENERGY

CCI Clears Havells' Stake Buy in Goldi Solar and Vama Inverters LLP

The Competition Commission of India (CCI) has approved a proposed combination involving Havells India and Goldi Sun in the solar energy sector.

The transaction includes:
(i) Havells India  (HIL) acquiring less than 10 per cent of the issued, subscribed, and paid-up equity share capital of Goldi Solar (the Target); and
(ii) Goldi Sun acquiring 100 per cent partnership interest in Vama Inverters LLP (Vama) and Goldi Energy LLP (Goldi Energy).

Havells India is a diversified manufacturer and seller of electrical products in India, including fans, lighting, switches, accessories, home appliances, switchgear, and solar inverters. It is also involved in the sale of solar modules.

Goldi Solar and its affiliates are engaged in the manufacture and sale of solar modules, as well as the provision of engineering, procurement, and construction (EPC) services in the solar energy sector.

Goldi Sun operates in the manufacture and sale of solar modules in India.

Vama Inverters LLP is involved in the sale of solar inverters, while Goldi Energy LLP offers EPC services for solar projects within the country.

The Commission’s detailed order will be issued in due course.

The Competition Commission of India (CCI) has approved a proposed combination involving Havells India and Goldi Sun in the solar energy sector.The transaction includes:(i) Havells India  (HIL) acquiring less than 10 per cent of the issued, subscribed, and paid-up equity share capital of Goldi Solar (the Target); and(ii) Goldi Sun acquiring 100 per cent partnership interest in Vama Inverters LLP (Vama) and Goldi Energy LLP (Goldi Energy).Havells India is a diversified manufacturer and seller of electrical products in India, including fans, lighting, switches, accessories, home appliances, switchgear, and solar inverters. It is also involved in the sale of solar modules.Goldi Solar and its affiliates are engaged in the manufacture and sale of solar modules, as well as the provision of engineering, procurement, and construction (EPC) services in the solar energy sector.Goldi Sun operates in the manufacture and sale of solar modules in India.Vama Inverters LLP is involved in the sale of solar inverters, while Goldi Energy LLP offers EPC services for solar projects within the country.The Commission’s detailed order will be issued in due course.

Related Stories

Gold Stories

Next Story
Equipment

BEML Wins GeM Award for Highest MSE Order Value

BEML Limited has received the “Maximum Order Value to MSEs” award at the 10th Foundation Day celebrations of the Government e-Marketplace (GeM) held at Bharat Mandapam, New Delhi.Union Minister of Commerce and Industry Piyush Goyal presented the award, which was received on behalf of BEML by Anil Jerath, Director (Finance).The recognition acknowledges BEML's efforts to strengthen procurement from Micro and Small Enterprises (MSEs) through the GeM platform.BEML said its procurement initiatives are aimed at encouraging greater participation of MSEs in public procurement and supporting the gr..

Next Story
Equipment

BKT to Showcase Advanced Off-Highway Tyres at Bauma ConExpo

Balkrishna Industries Ltd (BKT) will showcase its latest off-highway tyre solutions at Bauma ConExpo India 2026, scheduled from September 15-18 at the India Expo Centre, Greater Noida.The company will display a range of application-specific tyres for construction, mining and industrial operations at Hall 12, Booth No. 1. Key products will include the EARTHMAX SR 30 for loaders and articulated dump trucks and the AIROMAX AM 27 for mobile cranes.BKT will also showcase MINE FORCE, EARTHMAX EXPERTO GD1, XL GRIP NEO, DYNA HAUL, CONSTEER and EARTHMAX SR423. The tyres are designed to operate under he..

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement