CCI receives combination notice under green channel scheme, relating to acquisition of equity stake in Hero Future Energies Global Ltd and non-voting compulsorily convertible preference shareholding in Hero Future Energies Private Ltd. by Abu Dhabi Future Energy Company P.J.S.C. - Masdar, on 28th October, 2019

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..... CCI receives combination notice under green channel scheme, relating to acquisition of equity stake in Hero Future Energies Global Ltd and non-voting compulsorily convertible preference shareholding in Hero Future Energies Private Ltd. by Abu Dhabi Future Energy Company P.J.S.C. - Masdar, on 28th October, 2019 - News and Press Release Dated:- 30-10-2019 - News - The notification relates to t .....

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..... he acquisition of certain stake through equity in Hero Future Energies Global Ltd ( HFE UK ) and non-voting compulsorily convertible preference shares in Hero Future Energies Private Ltd. ( HFE India ) by Abu Dhabi Future Energy Company P.J.S.C.-Masdar ( Acquirer ). The Acquirer, an entity incorporated in Abu Dhabi, is an international renewable energy and sustainability compa .....

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..... ny that provides solutions in energy, water, urban development and clean technologies. HFE India, a company incorporated in India, is a wholly owned subsidiary of Hero Future Energies Asia Pte. Ltd, which is 100% held by HFE UK. HFE India is primarily engaged in the implementation of power projects and generation of power through renewable sources of energy, and also .....

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..... provides professional consultancy services in relation thereto. The Proposed Combination in terms of Regulation 5A of the Combination Regulations ( i.e. notice for approval of Combinations under Green Channel) is deemed to be approved upon filing and acknowledgement thereof. Summary of the Proposed Combination is available at: .....

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..... https://www.cci.gov.in/sites/default/files/notice_order_summary_doc/SummaryunderRegulation131A.pdf - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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