The Competition Commission of India (CCI) has approved the acquisition of a stake in Greenko Energy Holdings (GEH) by AMG Green Power B.V. (AMG Power) from ORIX Corporation. Additionally, the regulatory body has cleared the issuance of certain convertible notes by AM Green (Luxembourg) S.À.R.L (AMG Lux) to ORIX Corporation.
As per the proposed transaction, AMG Power will acquire a portion of ORIX’s shareholding in GEH, while ORIX will subscribe to convertible notes issued by AMG Lux.
AMG Power is a newly established entity and is not engaged in any business operations, either in India or globally. Similarly, AMG Lux functions solely as a holding company without active business activities.
ORIX Corporation, a Japan-based financial services group, operates across multiple sectors, including corporate finance, leasing, real estate, asset management, private equity, and renewable energy. In India, ORIX is involved in automobile leasing, commercial vehicle loans, financial services, infrastructure investment, asset management, and power generation.
GEH is a key player in India’s renewable energy sector, managing a diverse portfolio of clean energy assets, including wind, solar, hydro, and energy storage projects across multiple states.
The CCI’s detailed order on the transaction is expected to be released soon.
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