Company: TGE
Filing Date: 2025-03-21
Form Type: DRSLTR
Source: 0001013762-25-001138
Chunk: 8

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRSLTR
Chunk 8
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 F-35 of the financial statements..

Securities and Exchange Commission

March 21, 2025

Page 8

5. Revenue and Other Income, page F-48

| 19. | We note your disclosure of the gain of $24,757,000 related to                                   
 the disposal of equity interests in certain subsidiaries on page F-49. Please disclose in       
 sufficient detail what the transaction related to and tell us your consideration for presenting 
 it as a discontinued operation. Refer to IFRS 5.32.                                             |

The Company respectfully refers
the Staff to IFRS 5.32, a discontinued operation is a component of an entity that either has been disposed of, or is classified as held
for sale, and (a) represents a separate major line of business or geographical area of operations; (b) is part of a single co-ordinated
plan to dispose of a separate major line of business or geographical area of operations or; (c) is a subsidiary acquired exclusively
with a view to resale.

As disclosed in the revised page
F-49, the subsidiaries being disposed by the Company have certain non-core business and intellectual properties and the Company did not
develop these businesses or utilize these intellectual properties since acquisition. The Company is of the view that the disposal does
not fall under IFRS 5.32 as a discontinued operation as (i) these subsidiaries did not represent a significant separate major line of
business in terms of their operations, revenues, or assets within the Company; and (ii) the financial and operational impact of these
subsidiaries on the Company’s overall business was minimal, thus not constituting a significant strategic shift that would affect
the Company’s results or operations substantially.

General

| 20. | With a view toward disclosure, please tell us whether your sponsor                                  
 is, is controlled by, has any members who are, or has substantial ties with, a non-U.S. person.     
 If so, please revise your filing to include risk factor disclosure that addresses how this          
 fact could impact your ability to complete your initial business combination. For instance,         
 discuss the risk to investors that you may not be able to complete an initial business combination  
 with a target company should the transaction be subject to review by a U.S. government entity,      
 such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. 
 Disclose that as a result, the pool of potential targets with which you could