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