The Competition Commission of India (CCI) on Friday said it has approved the increase in the proportion of voting rights held by the Canada Pension Plan Investment Board (CPPIB) in Gurugram-based ReNew Energy Global plc (ReNew). The proposed combination envisages an increase in the proportion of voting rights held by the Canada Pension Plan Investment Board (CPPIB) in ReNew Energy Global plc as a result of repurchase programme to buyback Class A Ordinary Shares (i.e., shares carrying voting rights) announced by ReNew (Buyback), CCI said in a statement.
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