CCI
Kotak Mahindra Bank Gets CCI Nod To Acquire Deutsche Bank's Retail, Wealth Management Business
The Competition Commission of India has approved Kotak Mahindra Bank Limited's proposed acquisition of Deutsche Bank Aktiengesellschaft's retail banking, private banking and wealth management business in India.The proposed transaction involves Kotak acquiring Deutsche Bank's said business, operated through its Indian branches, as a going concern on a slump sale basis.The parties are also proposing to enter into referral arrangements through their respective affiliates. Under these arrangements,...
CCI Approves Merger Of Sapphire Foods With Devyani International
The Competition Commission of India on Friday approved the proposed merger of Sapphire Foods India Limited with and into Devyani International Limited, along with certain related transactions.Devyani International operates KFC and Pizza Hut franchise outlets across India. It is also the exclusive franchisee of Costa Coffee, New York Fries and Sanook Kitchen in the country. In addition, the company owns and operates several homegrown brands.Sapphire Foods also operates KFC and Pizza Hut franchise...
CCI Clears Vega SAS's Proposed Acquisition Of 16.2% Stake In Vodafone
The Competition Commission of India on Friday approved the proposed acquisition of a 16.2% stake in Vodafone Group PLC by Vega SAS.Vega SAS is a holding company and a wholly owned subsidiary of Maya SAS, which is incorporated under French law. Vega SAS is engaged in activities relating to telecommunications, internet, information technology, telematics and communications, including the development, operation and management of communication networks and related services.Vega SAS does not have any...
Adani Energy Solutions Gets CCI Approval To Acquire IntelliSmart Infrastructure
The Competition Commission of India has approved Adani Energy Solutions Limited's proposed acquisition of the entire equity share capital of IntelliSmart Infrastructure Private Limited from the National Investment and Infrastructure Fund and Energy Efficiency Services Limited.In a press release dated October 30, 2026, the Commission stated that the proposed transaction involves the acquisition of 100% of IntelliSmart's equity share capital by Adani Energy Solutions from the two sellers.Adani...
CCI Clears Maybach Asia Holdings' Acquisition Of Sahrudaya Health Care
The Competition Commission of India on Wednesday approved the proposed acquisition of the entire equity share capital of Sahrudaya Health Care Private Limited by Maybach Asia Holdings II Pte Ltd, an entity indirectly owned by investment funds managed by subsidiaries of KKR & Co. Inc.The proposed transaction involves the transfer of 100% ownership of Sahrudaya Health Care to Maybach Asia Holdings. Maytech Asia Holdings is a special purpose vehicle incorporated exclusively for the...
CCI Approves GRT Jewellers' Acquisition Of Majority Stake In Tribhovandas Bhimji Zaveri
The Competition Commission of India (CCI) on 13 October approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited (TBZ). It approved the transaction involving GRT Jewellers, a private limited company engaged primarily in the production and sale of gems and jewellery across India, acquiring a majority shareholding in TBZ, a publicly listed company operating in the gems and jewellery sector. The CCI stated that a detailed...
CCI Clears CPP Investment Board's Acquisition Of Stake In Prestige Hospitality Ventures
The Competition Commission of India on Tuesday approved the proposed acquisition of certain shareholding in Prestige Hospitality Ventures Limited by CPP Investment Board Private Holdings (4) Inc.CPP Investment is a company incorporated in Canada and is managed by the Canada Pension Plan Investment Board (CPPIB). CPPIB manages the Canada Pension Plan Fund and invests across various asset classes globally, including public and private equities, real estate, infrastructure, fixed income and...
CCI Clears BNP Paribas Cardif's Acquisition Of Equity Stake In IndiaFirst Life Insurance
The Competition Commission of India has approved the proposed acquisition of certain equity share capital in IndiaFirst Life Insurance Company Limited by BNP Paribas Cardif.The transaction involves BNP Paribas Cardif, a company incorporated in France and wholly owned subsidiary of BNP Paribas SA, acquiring a stake in IndiaFirst Life Insurance Company Limited.BNP Paribas is a publicly listed company engaged in providing corporate and institutional banking, commercial and personal banking,...
CCI Clears L'Oréal India's 100% Acquisition Of Onesto Labs
The Competition Commission of India on Tuesday approved the proposed acquisition of 100% shareholding in Onesto Labs Private Limited by L'Oréal India Private Limited.L'Oréal India is engaged in the research, development, manufacture, marketing and sale of beauty and personal care products, including skincare and haircare products, in India. It also exports these products and markets them under various global brands. Onesto Labs is engaged in the manufacture and sale of beauty and personal care...
Rajasthan Royals, Paarl Royals, Barbados Royals Acquisition By Westview Cricket, Poonawalla Sports Gets CCI Nod
The Competition Commission of India on Thursday approved the acquisition of three professional cricket franchises namely Rajasthan Royals, Paarl Royals and Barbados Royals by Westview Cricket Limited and Poonawalla Sports and Fitness Private Limited.The proposed combination involves the acquisition of the Rajasthan Royals franchise in India, Paarl Royals in South Africa and Barbados Royals in Barbados by the two acquiring entities.Westview Cricket is a company incorporated in the United Kingdom,...
CCI Closes DVC Complaint Against West Bengal Power Distributor WBSEDCL Over Anti-Competitive Tariffs
The Competition Commission of India (CCI) has closed an Information filed by Damodar Valley Corporation (DVC) against West Bengal State Electricity Distribution Company Limited (WBSEDCL), finding no prima facie case of contravention of the Competition Act, 2002.DVC alleged that WBSEDCL used its dominant position in the wider electricity distribution market in West Bengal to strengthen its presence in the DVC Command Area, where the two utilities compete. It also accused WBSEDCL of predatory and...
CCI Closes Complaint Against Mahindra And Dealer Over Warranty Condition On Approved Consumables
On 9 September, the Competition Commission of India (CCI) closed a complaint against Mahindra & Mahindra Limited and its authorised dealer, Sri Durga Automobiles, over allegations that making vehicle warranty coverage conditional on the use of Mahindra-approved consumables amounted to anti-competitive conduct. A coram of Chairperson Ravneet Kaur with Members Sweta Kakkad and Deepak Anurag closed the information filed by Bharti Sharma, who alleged that Mahindra and its authorised dealer...