CCI Approves Acquisition of O2 Power Midco Holdings and O2 Energy SG

18 Mar 2025 CW Team

The Competition Commission of India (CCI) has granted approval for JSW Neo Energy Limited to acquire 100% shareholding of O2 Power Midco Holdings Pte. Ltd. and O2 Energy SG Pte. Ltd.

Key Highlights of the Acquisition Acquirer – JSW Neo Energy Limited

A wholly owned subsidiary of JSW Energy Limited (JEL), which is a publicly listed entity under the JSW Group. Engaged in power generation and transmission, covering both conventional and renewable energy sources. Target Companies – O2 Power Midco Holdings & O2 Energy SG

The target entities and their subsidiaries operate in the renewable energy sector, specialising in wind and solar power generation. Significance of the Deal

Strengthens JSW Neo Energy’s position in India’s renewable energy market. Aligns with JSW Group’s expansion strategy in clean energy. Supports India’s commitment towards green energy transition. The detailed order from the Competition Commission of India will follow.

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