CCI Clears Havells’ Plan To Buy Stake In Goldi Solar; OKs Other Group Deals

The Competition Commission of India on Tuesday approved Havells India’s proposal to acquire less than 10% stake in Goldi Solar.
As part of the same order, the CCI also cleared Goldi Sun’s acquisition of full partnership interest in Vama Inverters and Goldi Energy.

Havells had earlier said it would invest ₹6 billion in Goldi Solar, with its final shareholding expected between 8.9–9.2%, depending on a total fundraise of ₹10.5–13 billion.

Goldi Solar and affiliates manufacture solar modules and provide EPC services for the solar industry.