The Competition Commission of India (CCI) has approved the $300 million deal between Tenaga Nasional Berhad (Tenaga) of Malaysia and GMR Energy of Bengaluru. Tenaga, Malaysia's largest power utility, had proposed in May 2016 of its intention to acquire 30 percent stake in select assets of GMR Energy. Tenaga will execute the transaction through its fully-owned subsidiary, Power and Energy International (Mauritius).
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