CCI Approves Investment in Aditya Birla Renewables

The Competition Commission of India (CCI) has approved the proposed subscription of certain equity share capital of Aditya Birla Renewables Limited (ABReN) by GIP EM Star Pvt. Ltd. The transaction involves the acquisition of equity shares in Aditya Birla Renewables Limited by GIP EM Star Pte. Ltd., which is referred to as the acquirer in the proposal. 

Acquirer Profile 

• GIP EM Star Pte. Ltd. is incorporated in Singapore.
• It is owned by certain funds managed by GIM EM Manager LLC.
• GIM EM Manager LLC is wholly owned by Global Infrastructure Management, LLC.
• Global Infrastructure Management, LLC is an indirectly majority-owned subsidiary of BlackRock, Inc. 

Target Entity: Aditya Birla Renewables

• Headquartered in Mumbai, India
• Engaged in power generation through renewable energy sources
• Operates in solar and wind energy through its subsidiaries 

BlackRock’s Business 

BlackRock, Inc. is a publicly traded company based in the United States. It is engaged in: 

• Global investment management
• Risk management
• Advisory services 

The company manages assets on behalf of institutional and individual investors worldwide.