Commission approves subscription of certain securities of Gentari Renewables India Pte. Ltd. by Sapphire US HoldCo (USA), LLC
The Competition Commission of India approved the subscription of certain securities of Gentari Renewables India Pte. Ltd. by Sapphire US HoldCo (USA), LLC.
Important points
- Sapphire US HoldCo (USA), LLC is indirectly owned by vehicles and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc.
- Gentari Renewables India Pte. Ltd. is an indirect wholly owned subsidiary of Petroliam Nasional Berhad (PETRONAS).
- Gentari Renewables India is engaged in power generation through renewable energy sources and battery energy storage solutions in India.
Competition Commission of IndiaGentari Renewables India Pte. LtdSapphire US HoldCo (USA), LLCPetroliam Nasional BerhadKKR & Co. Inc