CCI APPROVAL
Warburg Pincus seeks CCI nod to buy 10 pc stake in IDFC First Bank
Warburg Pincus is planning to acquire a 10% stake in IDFC First Bank. The private equity firm has sought approval from the Competition Commission of India. Currant Sea Investments BV, an arm of Warburg Pincus, will make the investment. Abu-Dhabi Investment Authority also plans to subscribe to preference shares in IDFC First Bank.
Bajaj Group seeks CCI's nod to acquire Allianz's 26% stake in insurance JVs
Bajaj Group is seeking CCI approval to acquire Allianz SE's 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, potentially gaining full control. The deal, valued at ?13,780 crore and ?10,400 crore respectively, ends a 24-year partnership. Bajaj asserts the acquisition won't harm competition, citing a fragmented insurance sector.
Aster DM Healthcare completes acquisition of 5% stake in Quality Care India through share swap
Aster DM Healthcare has finalized the acquisition of a 5% stake in Quality Care India Ltd (QCIL) through a share swap with BCP Asia II TopCo IV Pte Ltd and Centella Mauritius Holdings Limited. This acquisition marks the initial phase of the strategic merger between Aster DM Healthcare and Quality Care India.
Bajaj Group seeks CCI approval for Rs 24,180-cr Allianz stake buy
Bajaj Group entities are seeking CCI approval to acquire Allianz SE's 26% stake in their life and general insurance ventures for ?24,180 crore. This acquisition will increase Bajaj Group's ownership to 100%, ending their 24-year partnership, and allowing both entities to pursue independent growth in India's insurance market.
Bilawal Bhutto warns of conflict as India suspends Indus Waters Treaty after Pahalgam attack
Former Pakistan foreign minister Bilawal Bhutto-Zardari has issued a warning to India following New Delhi’s formal suspension of the Indus Waters Treaty. Standing beside the Indus River, Bhutto declared, “Either water will flow… or their blood will.” India’s move follows the deadly Pahalgam terror attack, blamed on a Pakistan-based group. The treaty’s suspension, which affects the water supply to 80% of Pakistan’s farmland, has ignited a political and diplomatic storm across both nations, fuelling fears of a deeper escalation.
Stocks in news: LTIMindtree, Bajaj Housing, HCL Tech, Cyient DLM, Delta Corp, Waaree Energies
State-owned Power Finance Corporation said it is actively pursuing further action and "exploring all possible options" on pending dues of Rs 307 crore from Gensol Engineering.
CCI approves Kandhari Beverages proposal to acquire Coca-Cola's bottling arm for Rs 2,000 crore
The Competition Commission of India (CCI) has approved Kandhari Global Beverages' Rs 2,000 crore acquisition of Coca-Cola's bottling plant in north Gujarat and Diu. This move aligns with Coca-Cola's global strategy of divesting assets and franchising regional operations to local partners. Kandhari Global Beverages, already a Coca-Cola bottler in Rajasthan, plans significant investments in the acquired business.
Google Settles Android TV Case with CCI for Rs 20.24 crore
Google has settled with the Competition Commission of India (CCI) for ?20.24 crore over alleged antitrust violations in the Android Smart TV market. The settlement, the first under the amended Competition Act, involves Google amending vendor agreements to address anticompetitive concerns.
Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal
Delhivery Ltd and Ecom Express have sought the Competition Commission of India's (CCI) approval for their Rs 1,400-crore deal. Delhivery will acquire a controlling stake in Ecom Express for a cash consideration. The proposed transaction reflects the Indian economy's continuous requirement for improvements in cost efficiency, speed and reach of logistics.
CCI clears Patanjali, 5 other entities' proposal to acquire 98 pc stake in Magma Gen Insurance
The Competition Commission of India (CCI) has approved Patanjali Ayurved and five other entities' proposal to acquire a majority stake in Magma General Insurance. This acquisition, facilitated through the green channel route, allows Patanjali Ayurved to become Magma General Insurance's promoter.
Stocks in news: Wipro, Angel One, Gensol Engineering, IndusInd Bank, IREDA, MGL
Capital markets regulator Sebi has issued an interim order against Gensol Engineering and its promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- after finding issues of financial mismanagement and fund diversion.
CCI approves Akasa Air stake sale, Quality Care-Aster deal
India's fair trade regulator, CCI, has approved proposals for Premji Invest, Ranjan Pai's family office, and 360 ONE Asset to acquire stakes in Akasa Air's parent company, SNV Aviation. This infusion of capital from marquee investors, including Azim Premji's global investment arm, aims to fuel the airline's ambitious growth plans.
Coromandel International seeks CCI nod to acquire majority stake in NACL Industries
Coromandel International, a Murugappa Group firm, has sought CCI approval to acquire a majority 53% stake in agro-chemical company NACL Industries for Rs 820 crore. The acquisition aims to expand Coromandel's scale, accelerate entry into contract manufacturing, and broaden its product portfolio. Coromandel will also make an open offer to acquire up to 26% of NACL's equity.
Delhivery shares slide after Rs 1,407 crore Ecom Express deal. Should you invest?
Delhivery shares fell 8% after announcing a Rs 1,407 crore all-cash acquisition of rival Ecom Express—one of India’s biggest logistics consolidation deals. The steep drop in Ecom’s valuation signals sector-wide strain. While analysts see long-term strategic benefits and market dominance ahead, near-term earnings impact remains limited. Brokerages Emkay and JM Financial maintain a ‘Buy’ with upbeat targets.
Haldiram’s Nagpur & Delhi branches complete merger
Haldiram's Delhi and Nagpur factions have merged to form Haldiram Snacks Food Private Limited, creating India's largest snacking company. This merger follows strategic investments from Alpha Wave Global, IHC, and Temasek, valuing the company at $10 billion for a 15% stake. The move aims to expand Haldiram's presence in international markets, particularly the US and the Middle East.
Fintechs plug into EVs; Groww’s CCI nod
Happy Wednesday! Fintech startups are tapping into India’s growing commercial EV market. This and more in today’s ETtech Morning Dispatch.
Groww gets CCI approval for bonus shares, founders relinquish extra voting rights
Fintech startup Groww has received CCI approval for issuing bonus shares, aligning voting rights, and preparing for a public listing in India, aiming for $6-8 billion valuation.
360 ONE, Claypond Capital get CCI nod to acquire stakes in API Holdings
Fair trade regulator CCI has approved 360 ONE and Claypond Capital Partners' joint proposal to acquire stakes in API Holdings. This transaction involves purchasing compulsorily convertible preference shares from MEMG Family Office LLP, indicating oversight to prevent unfair business practices and ensure fair competition.
Aditya Birla Real Estate shares in focus after Rs 3,498-crore sale of Century Pulp and Paper to ITC
Aditya Birla Real Estate Ltd (ABREL) approved the sale of its pulp and paper business in Lalkuan, Uttarakhand, to ITC Ltd for Rs 3,498 crore. The divestment aims to unlock value and enhance focus on real estate. MD R.K. Dalmia called it a strategic move to drive sustained growth and shareholder value.
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