CCI approves Havells’ investment in Goldi Solar

The Competition Commission of India (CCI) has approved Havells India Limited’s proposal to acquire a minority equity stake in Goldi Solar Private Limited and full partnership interests in Vama Inverters LLP and Goldi Energy LLP.

Havells will acquire less than 10 per cent of Goldi Solar’s issued and paid-up equity share capital. Concurrently, Goldi Sun Private Limited will acquire 100 per cent partnership stakes in both Vama Inverters LLP and Goldi Energy LLP.

In April 2025, Havells signed a binding term sheet to invest Rs 6 billion in Goldi Solar. The move supports Havells’ strategy to expand across the renewable energy value chain, spanning energy generation, storage, distribution, and consumption.

In March 2025, Goldi Solar commissioned an AI-powered solar module manufacturing line at its new 14 GW facility in Kosamba, Surat. The plant features high-speed stringers processing up to 10,000 cells per hour and real-time automated optical inspection for quality control.