CCI Clears Mizuho Securities' Proposed Acquisition Of Stake In Avendus Capital

The Competition Commission of India has approved Mizuho Securities Co Ltd's acquisition of certain equity shares in Avendus Capital Private Limited on a fully diluted basis.

The proposed combination involves Mizuho Securities, part of Japan-based Mizuho Financial Group, which operates globally across investment banking, markets, research, and retail and business banking.

In India, Mizuho operates through its subsidiary, Mizuho Securities India Private Limited, which is registered with SEBI as a merchant banker.

Avendus Capital Private Limited is also a SEBI-registered merchant banker, offering services including mergers and acquisitions advisory, private equity syndication, and equity capital market solutions across multiple sectors.

The Commission said that a detailed order will follow.