**Summary:**
The Competition Commission of India (CCI) has approved the proposed investment by British International Investment plc (BII) in ReNew Photovoltaics Private Limited. BII, a development finance institution wholly owned by the UK Government, will invest in ReNew Photovoltaics through subscription to securities. ReNew Photovoltaics Private Limited is engaged in the manufacturing of solar modules and solar cells in India. The CCI's detailed order will be released subsequently. This approval was posted on July 1, 2025, at 7:23 PM by PIB Delhi.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the investment.
British International Investment plc: The acquirer, a development finance institution owned by the UK Government, making the investment.
ReNew Photovoltaics Private Limited: The target company engaged in manufacturing of solar modules and solar cells in India.
UK Government: The government that owns British International Investment plc.
India: Country where ReNew Photovoltaics Private Limited manufactures solar modules and cells.
Competition Commission of India
CCI approves the proposed investment by British
International Investment plc in ReNew Photovoltaics
Private Limited.
Posted On: 01 JUL 2025 7:23PM by PIB Delhi
The Competition Commission of India has approved the proposed investment by British
International Investment plc in ReNew Photovoltaics Private Limited.
British International Investment plc. (Acquirer) is a development finance institution, wholly owned by
the UK Government, which provides scarce and patient capital to private sector entrepreneurs in
developing countries.
ReNew Photovoltaics Private Limited. (Target) is engaged in the manufacturing of solar modules
and solar cells in India.
The proposed combination relates to an investment by the Acquirer in the Target through
subscription to securities of the Target (Proposed Combination).
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2141338)