The Competition Commission of India (CCI) has approved the merger of Sasan Power Infrastructure Ltd. (SPIL) with its parent firm Reliance Power Ltd. (RPL).
It is to be noted that SPIL is not implementing the group's Sasan ultra-mega power project. This project is being implemented by another company Sasan Power Ltd.
The CCI, in an order, said: “Based on the facts on record and the details provided in the notice filed under sub-Section (2) of Section 6, the proposed combination is not likely to give rise to any adverse competition concern, the Commission, hereby, approves the proposed combination.''
CCI said SPIL and RPL were not engaged in production, supply, distribution, storage, sale or trade of identical or similar goods or provision of services. “The activities of SPIL and RPL are also not related at different stages of levels of production chain different markets. Further, the control over the activities carried on by SPIL and RPL before and after the proposed combination remains with the management of RPL.''
Published - February 23, 2012 06:37 pm IST
