CCI Approves Acquisition of Stake in Goldi Solar by Havells India

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Source: PIB

Additionally, the acquisition of 100 percent partnership interest of Vama Inverters LLP and Goldi Energy LLP by Goldi Sun Private Limited has also been approved.

June 2025 : The Competition Commission of India has approved the acquisition of certain issued and paid-up equity share capital of Goldi Solar Private Limited by Havells India Limited. Additionally, the acquisition of 100 percent partnership interest of Vama Inverters LLP and Goldi Energy LLP by Goldi Sun Private Limited has also been approved.

The Proposed Combination comprises acquisition of: (i) less than 10 percent of the issued, subscribed and paid-up equity share capital of the Goldi Solar Private Limited by Havells India Limited (HIL); and (ii) 100 percent partnership interest of Vama and Goldi Energy by Goldi Sun.

Goldi Solar (including its affiliates) is engaged in the: (a) manufacture and sale of solar modules; and (b) provision of engineering, procurement, and construction (EPC) services for solar sector, in India.

Goldi Sun is engaged in the manufacture and sale of solar modules in India.

Vama is engaged in the sale of solar inverters in India.

Goldi Energy is engaged in the provision of EPC services for the solar sector in India.