Loading…
The Competition Commission of India approved TPG's proposal to acquire a majority stake in Siemens Gamesa's onshore wind turbine generator manufacturing business in India and Sri Lanka, with minority investments from MAVCO Investments and Prashant Jain.
A consortium led by TPG, Mavco Investments, and Prashant Jain has sought CCI approval to acquire Siemens Gamesa's onshore wind turbine generator manufacturing and service business in India and Sri Lanka. The deal was announced in March 2025.
A consortium led by TPG, along with Vellayan Subbiah and Prashant Jain, is set to acquire Siemens Gamesa Renewable Power for an enterprise valuation of $500-550 million. Siemens Energy AG will retain a small stake.