The Competition Commission of India (CCI) has granted approval for the acquisition of certain equity shareholding in Continuum Green Energy Limited by Chubu Electric Power Company Netherlands B.V. The proposed combination involves acquisition of equity through both primary subscription and secondary purchase of shares from Continuum Green Energy Holdings Ltd., Singapore.
Chubu Electric Power Company Netherlands B.V. is a private limited company incorporated under Dutch laws and operates as a wholly owned subsidiary of Chubu Electric Power Co., Inc., Japan. The acquirer engages in investment, management, financing, and treasury functions for the CHUBU Group. The parent company, CHUBU, is publicly listed on Japanese stock exchanges and is involved in power generation, distribution, and transmission through renewable sources including solar, wind, and nuclear energy.
Continuum Green Energy Limited is a public limited company incorporated in India. The target company and its various Indian subsidiaries are primarily engaged in the business of power generation and sale through renewable sources, specifically wind and solar energy. The approval was officially posted on September 30, 2026, through the PIB Delhi release mechanism.