Date: 2025-06-10Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves acquisition of certain issued and paid-up equity share capital of Goldi Solar Private Limited by Havells India Limited and acquisition of 100% partnership interest of Vama Inverters LLP and Goldi Energy LLP by Goldi Sun Private Limited
**Summary:**
The Competition Commission of India (CCI) has approved the proposed acquisition of equity share capital of Goldi Solar Private Limited by Havells India Limited (HIL), and the acquisition of 100% partnership interest of Vama Inverters LLP and Goldi Energy LLP by Goldi Sun Private Limited. Specifically, HIL will acquire less than 10% of the equity share capital of Goldi Solar. Goldi Sun will acquire 100% partnership interest of Vama Inverters and Goldi Energy. HIL manufactures and sells various products including solar inverters and modules. Goldi Solar manufactures and sells solar modules and provides EPC services. Goldi Sun manufactures and sells solar modules. Vama Inverters sells solar inverters and Goldi Energy provides EPC services.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the acquisition.
CCI: Abbreviation for Competition Commission of India.
Goldi Solar Private Limited: Target company; its equity share capital is being acquired.
Havells India Limited: Acquiring company of Goldi Solar Private Limited equity share capital.
Vama Inverters LLP: Partnership interest being acquired by Goldi Sun Private Limited.
Goldi Energy LLP: Partnership interest being acquired by Goldi Sun Private Limited.
Goldi Sun Private Limited: Acquiring company of Vama Inverters LLP and Goldi Energy LLP partnership interest.
PIB Delhi: Press Information Bureau, Delhi; source of the information.
HIL: Abbreviation for Havells India Limited.
India: Country where the companies operate
EPC: Engineering, procurement, and construction services.
NBAD Release ID: 2135481: Unique identifier for the release.
Competition Commission of India
CCI approves acquisition of certain issued and paid-
up equity share capital of Goldi Solar Private Limited
by Havells India Limited and acquisition of 100%
partnership interest of Vama Inverters LLP and Goldi
Energy LLP by Goldi Sun Private Limited
Posted On: 10 JUN 2025 8:10PM by PIB Delhi
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 and acquisition of 100% partnership interest
of Vama Inverters LLP and Goldi Energy LLP by Goldi Sun Private Limited.
The Proposed Combination comprises acquisition of: (i) less than 10% of the issued, subscribed and paid-up
equity share capital of the Goldi Solar Private Limited (Target) by Havells India Limited (HIL); and (ii)
100% partnership interest of Vama Inverters LLP (Vama) and Goldi Energy LLP (Goldi Energy) by Goldi
Sun Private Limited (Goldi Sun).
HIL is engaged in the: (a) manufacture and sale of several products such as fans, lightings, switches,
accessories, home appliances, home electricals (including solar inverters), switchgears; and (b) sale of solar
modules, in India.
The Target (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 of provision of EPC services for solar sector in India.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2135481)