CCI Approves Key Acquisitions in Solar Sector Involving Havells India and Goldi Group Entities
Delhi : The Competition Commission of India (CCI) has granted approval for two significant acquisitions in the solar energy sector, marking a strategic shift for Havells India Limited and the Goldi Group.
Under the approved combination:
Havells India Limited (HIL) will acquire less than 10% of the issued and paid-up equity share capital of Goldi Solar Private Limited.
Goldi Sun Private Limited will acquire 100% partnership interest in Vama Inverters LLP and Goldi Energy LLP.
Business Profiles of Entities Involved:
Havells India Ltd is a leading player in the Indian electrical and electronics industry, engaged in the manufacture and sale of products including fans, lightings, switches, accessories, home appliances, and solar inverters. It also has a presence in the solar modules segment.
Goldi Solar Pvt Ltd, the target of Havells’ investment, is engaged in the manufacture and sale of solar modules, and also provides EPC (Engineering, Procurement, and Construction) services for solar projects.
Goldi Sun Pvt Ltd, part of the Goldi Group, operates in the solar modules manufacturing sector.
Vama Inverters LLP specializes in the sale of solar inverters.
Goldi Energy LLP offers EPC services in the solar energy space.
The Commission’s approval indicates that these transactions are unlikely to cause any adverse effect on market competition. The detailed order of the Commission is awaited.
This move is expected to strengthen the strategic positioning of both Havells and the Goldi Group in the rapidly expanding Indian solar energy sector.
