Commission approves acquisition of 100% of the issued share capital of Solenergi Power Private Limited (Target) by Aditya Birla Renewables Limited (Acquirer)

Fair Competition For Greater Good भारतीय (cid:366)ित(cid:729)धा(cid:330) आयोग Competition Commission of India 30th October 2026 PRESS RELEASE No. 73/2026-27 Commission approves acquisition of 100% of the issued share capital of Solenergi Power Private Limited (Target) by Aditya Birla Renewables Limited (Acquirer) The proposed combination relates to acquisition of 100% of the issued share capital of the Target by the Acquirer from Shell Overseas Investment B.V.

(Seller).

The Acquirer (including its subsidiaries) is engaged in the business of power generation through renewable energy resources (solar and wind) as well as captive Engineering, Procurement and Construction (EPC) activities.

The Target is primarily a holding company, registered in Mauritius. It does not have any other businesses except that of a holding company. The Target

is present in India through: (i) certain downstream holding entities; and (ii) entities that are engaged in the business of power generation through renewable energy resources (solar and wind).

Detailed order of the Commission will follow. *****