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TMI BlogCCI approves the acquisition of certain shareholding of Fourth Partner Energy Private Limited (Target) by International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH (DEG)X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves the acquisition of certain shareholding of Fourth Partner Energy Private Limited (Target) by International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH (DEG) - News and Press Release Dated:- 1-1-2025 - News - CCI approves the acquisition of certain shareholding of Fourth Partner Energy Private Limited (Targ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et) by International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH (DEG) - - - Dated:- 1-1-2025 - Competition Commission of India has approved the acquisition of certain shareholding of Fourth Partner Energy Private Limited (Target) by International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG - Deutsch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Investitions - und Entwicklungsgesellschaft mbH (DEG). The Proposed Combination envisages an investment of USD 275 million (approx. INR 2,296.25 crore) by IFC, DEG, and ADB, collectively. Each IFC, ADB, and DEG shall acquire certain percentage of Target s share capital by way of primary subscription and secondary purchase. IFC is an international organization, established in 1956 to further econ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omic growth in its developing member countries by promoting private sector development. It is a member of the World Bank Group with its own Articles of Agreement, share capital, financial structure, management, and staff. It helps developing countries achieve sustainable growth by financing private sector investment, mobilizing capital in international financial markets, and providing advisory ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices to businesses and governments. ADB is an international organization established under the ADB Charter in 1966. It has 69 member countries which collectively own the multilateral financial institution set up for the promotion of development activities in the member states. ADB assists its members i.e., DMCs (developing member countries), and partners, by providing loans, technical assistance, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... grants, and equity investments to promote development. DEG offers financing, advise, and support to private sector enterprises operating in developing and emerging-market countries. As an experienced partner, DEG supports its customers with in-depth market knowledge, impact and climate expertise and its international network to advance forward-looking investments that have a development impact. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arget, including through its affiliates, provides integrated renewable energy solutions including installing, owning and operating solar and wind power plants that supply electricity to commercial and industrial consumers. It is also engaged in the provision of engineering, procurement construction ( EPC ) and operations maintenance ( O M ) primarily on a captive basis. It provides limited EPC and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... O M services to third-party commercial and industrial customers as a combined and composite offering. Detailed order of the Commission will follow. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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