CCI Approves Vishakha Renewables–Vishakha Glass Restructuring Proposal

The Competition Commission of India (CCI) on 20 April 2026 approved a proposed restructuring involving Vishakha Renewables Private Limited and Vishakha Glass Private Limited.

The combination restructures the renewables business of Vishakha Renewables and merges it with Vishakha Glass.

The transaction will take place in multiple steps. Vishakha Renewables will first transfer its pipes and mouldings divisions to Progressive Pipes Private Limited on a slump sale basis. Thereafter, Vishakha Renewables 1 Private Limited, Vishakha Metals Private Limited and Vishakha Metals 1 Private Limited will merge into Vishakha Renewables. In the final step, Vishakha Renewables will merge into Vishakha Glass.

Vishakha Renewables manufactures solar components, irrigation systems and plastic products, while Vishakha Glass manufactures solar glass.

The Commission said it will issue a detailed order separately.