Jsw Neo Energy Limited
Case brief
What is this about?
The Competition Commission of India examined JSW Neo Energy Limited's proposed acquisition of renewable energy assets from the O2 Group. After assessing horizontal and vertical overlaps and market shares, the Commission found the combination unlikely to cause appreciable adverse effect on competition and approved it under Section 31(1).
What did the court decide?
The Proposed Combination was approved under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No.C-2025/01/1231
17th March 2025
Notice under Section 6(2) of the Competition Act, 2002 given by JSW Neo Energy Limited.
CORAM:
Ms. Ravneet Kaur Chairperson
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 20th January 2025, the Competition Commission of India ( Commission ) received a notice ( Notice ), under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ), given by JSW Neo Energy Limited ( Acquirer ). The Notice was filed pursuant to inter alia execution of share purchase agreement dated 27th December 2024 amongst the Acquirer, O2 Power Pooling Private Limited ( OPP ) and O2 Power SG Pte. Ltd. ( OPS ) ( SPA – 1 ) and share purchase agreement dated 27th December 2024 amongst the Acquirer, OPP, Mr. Martin Wolfgang Johannes Rey ( Rey ) and Mr. Anand Prakash ( Prakash ) ( SPA – 2 ).
Issues for consideration
3 issues framed by the court
Whether the proposed combination between JSW Neo Energy Limited and O2 Group entities is likely to cause appreciable adverse effect on competition in India.
Whether horizontal and vertical overlaps in the renewable power generation and transmission markets raise concerns under the Competition Act.
Whether the combined market share of the parties exceeds the threshold requiring further inquiry.
Parties & counsel
- petitioner
Competition Commission of India
- applicant
JSW Neo Energy Limited
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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