CCI Approves BlackRock-Linked GIP EM Star Investment In Aditya Birla Renewables

The Competition Commission of India (CCI) on Wednesday approved the proposed subscription of certain equity share capital of Aditya Birla Renewables Limited by GIP EM Star Pte. Ltd., according to a press release dated March 25, 2026.

GIP EM Star Pte. Ltd., the acquirer, is incorporated in Singapore and is owned by certain funds managed by GIM EM Manager LLC. GIM EM Manager LLC is wholly owned by Global Infrastructure Management, LLC, which in turn is an indirectly majority-owned subsidiary of BlackRock, Inc.

BlackRock is a U.S. publicly traded company engaged in global investment management, risk management, and advisory services for institutional and retail clients worldwide.

Aditya Birla Renewables Limited, the target company, is headquartered in Mumbai and, along with its subsidiaries, is engaged, inter alia, in the business of power generation through renewable energy resources, including solar and wind power.

The Commission said that a detailed order in the matter will follow.