KKR Wins CCI Approval for Rs 6,000 Crore Stake in PETRONAS' Gentari Renewables India
RYCEF
0.1000
The Japan Times - KKR Wins CCI Approval for Rs 6,000 Crore Stake in PETRONAS' Gentari Renewables India
EUR
-
AED 4.127321
AFN 73.04034
ALL 90.729764
AMD 404.665666
ANG 2.011176
AOA 1031.553957
ARS 1738.943785
AUD 1.601552
AWG 2.025463
AZN 1.913452
BAM 1.952241
BBD 2.262516
BDT 139.855058
BGN 1.964032
BHD 0.424123
BIF 3356.451657
BMD 1.123697
BND 1.435982
BOB 13.620051
BRL 6.137409
BSD 1.123372
BTN 106.255362
BWP 15.422064
BYN 3.35189
BYR 22024.453639
BZD 2.259261
CAD 1.569074
CDF 2598.549276
CHF 0.917948
CLF 0.027547
CLP 1084.074774
CNY 7.507306
CNH 7.497725
COP 3633.529187
CRC 510.260764
CUC 1.123697
CUP 26.959855
CVE 110.064364
CZK 24.256904
DJF 199.70346
DKK 7.474251
DOP 67.457033
DZD 152.760408
EGP 61.491828
ERN 16.855449
ETB 184.366977
FJD 2.519047
FKP 0.837456
GBP 0.834036
GEL 2.911728
GGP 0.837456
GHS 13.070058
GIP 0.837456
GMD 83.153296
GNF 9950.333543
GTQ 8.584504
GYD 235.356779
HKD 8.81581
HNL 30.191963
HRK 7.606314
HTG 147.171721
HUF 362.097781
IDR 20335.08815
ILS 3.544031
IMP 0.837456
INR 105.978974
IQD 1702.995611
IRR 2116379.75381
ISK 136.607941
JEP 0.837456
JMD 178.055423
JOD 0.796739
JPY 177.890729
KES 145.956778
KGS 98.267485
KHR 4567.633017
KMF 495.550463
KPW 1011.326909
KRW 1506.180183
KWD 0.349233
KYD 0.936085
KZT 507.694193
LAK 25290.672585
LBP 100593.033834
LKR 373.788621
LRD 190.960199
LSL 18.491122
LTL 3.317984
LVL 0.679713
LYD 7.20287
MAD 10.973397
MDL 20.147095
MGA 5073.705993
MKD 61.626804
MMK 2359.224448
MNT 4043.158392
MOP 9.076769
MRU 45.693891
MUR 52.914759
MVR 17.366712
MWK 1947.814662
MXN 20.860849
MYR 4.566138
MZN 71.815099
NAD 18.490793
NGN 1512.967507
NIO 41.334651
NOK 10.449204
NPR 170.008579
NZD 1.995853
OMR 0.432068
PAB 1.123442
PEN 3.877232
PGK 5.040811
PHP 71.06933
PKR 310.740451
PLN 4.383591
PYG 6811.58317
QAR 4.095434
RON 5.341266
RSD 117.622967
RUB 91.92166
RWF 1652.972088
SAR 4.220986
SBD 9.047688
SCR 15.619598
SDG 675.900219
SEK 10.927303
SGD 1.436528
SHP 0.837767
SLE 25.744042
SLL 23563.361094
SOS 642.023942
SRD 42.210493
STD 23258.251181
STN 24.455855
SVC 9.829083
SYP 14610.303024
SZL 18.481146
THB 37.736543
TJS 10.362526
TMT 3.944175
TND 3.347997
TOP 2.705591
TRY 56.207681
TTD 7.614983
TWD 36.908381
TZS 2977.793835
UAH 51.156547
UGX 4611.675461
USD 1.123697
UYU 45.166861
UZS 13356.414878
VES 1000.131113
VND 28884.059621
VUV 134.25065
WST 3.1231
XAF 655.957
XAG 0.02143
XAU 0.000276106781
XCD 3.036847
XCG 2.024429
XDR 0.794512
XOF 655.957
XPF 119.331742
YER 265.389046
ZAR 18.419152
ZMK 10114.614416
ZMW 22.782267
ZWL 361.829851
SSP 6456.721236
MXV 2.348128
- Indus Towers expands solar-powered network to 50,000 telecom sites
- KKR Wins CCI Approval for Rs 6,000 Crore Stake in PETRONAS' Gentari Renewables India
- KKR secures Indian regulator approval for Gentari Renewables investment
- Equitas Small Finance Bank rebounds after naming interim chief executive
- Bharti Airtel revenue expected to grow at double-digit pace in second quarter
- Titan quarterly profit seen rising as jewellery business drives growth
- Italy Wins Silver in Curling at European Championships
- Indian crude-sensitive shares gain after 13% oil-price decline
- Kuwait finance minister holds economic cooperation talks at COMCEC
- Stocks and dollar fall as Democratic election gains reshape markets
KKR Wins CCI Approval for Rs 6,000 Crore Stake in PETRONAS' Gentari Renewables India
Global investment major KKR has received regulatory clearance from the Competition Commission of India (CCI) to acquire a stake in Gentari Renewables India. The approval allows KKR to proceed with its proposed investment in the clean energy platform, which is an indirect subsidiary of Malaysia's state-owned energy giant PETRONAS.
Global investment firm KKR has secured regulatory clearance from the Competition Commission of India (CCI) to acquire a stake in Gentari Renewables India. The approval, announced on Tuesday, permits KKR to proceed with its proposed investment in the clean energy platform, which is an indirect wholly-owned subsidiary of Malaysia's state-owned energy giant PETRONAS.
KKR will execute the transaction through its affiliate, Sapphire US HoldCo (USA), LLC. The company will subscribe to certain securities of Gentari Renewables India Pte Ltd, a firm engaged in power generation through renewable sources and battery energy storage solutions within India.
The regulatory nod follows an investment proposal announced in October, under which KKR is set to acquire a stake in the Indian business for approximately Rs 6,000 crore. The CCI's review ensures the transaction complies with competition law frameworks designed to prevent anti-competitive practices and maintain fair market conditions.
This deal expands KKR’s existing portfolio in India’s clean energy and power infrastructure sectors. The firm already holds investments in Hero Future Energies, Serentica Renewables, and IndiGrid, which focuses on power transmission and renewable energy infrastructure.
K.Inoue--JT
