The Competition Commission of India (CCI) has granted an unconditional approval for KKR & Co. Inc. (KKR), a leading global investment firm, investment in Hero Future Energies Global Limited (HFE Global), the renewable energy arm of the Hero Group.
This is the first set of merger clearances by the CCI after the 108 days hiatus since October 2022.
Trilegal represented KKR on the India competition law aspects of the transaction. Trilegal’s role included representing KKR in filing the merger notification before the CCI and other related competition advisory.
Ardor Holdings II Pte. Ltd. (Ardor), incorporated in Singapore, is a special purpose vehicle indirectly wholly-owned by KKR. Ardor directly invested in HFE Global.
HFE Global, incorporated in England and Wales, is engaged in solar power and wind power generation.
Trilegal competition team was led by Nisha Kaur Uberoi, Partner & National Head – Competition Law and assisted by Rudresh Singh, Partner; Reshabh Juneja, Senior Associate; Ishan Arora and Vasudha Verma, Associates.
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.
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