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...

CCI Approves Vishakha Renewables–Vishakha Glass Restructuring Proposal

The Competition Commission of India (CCI) on 20 April 2026 approved a proposed restructuring involving Vishakha Renewables Private Limited and Vishakha Glass Private Limited. The combination restructures the renewables business of Vishakha Renewables and merges it with Vishakha Glass. The transaction will take place in multiple steps. Vishakha Renewables will first transfer its pipes and mouldings divisions to Progressive Pipes Private Limited on a slump sale basis. Thereafter, Vishakha...

CCI Finds No Anti-Competitive Conduct By NABARD In Core Banking Solution Procurement Involving Infosys

Although the National Bank for Agriculture and Rural Development is dominant in the market for procurement of core banking solution services for rural cooperative banks, the Competition Commission of India has found no prima facie case of abuse of dominance or anti-competitive agreement in a case involving Infosys Limited. A coram comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag passed the order closing the information under Section 26(2) of the...

CCI Finds No Anti-Competitive Conduct By Adani Entities , Azure Power In SECI Solar Tender

The Competition Commission of India on Thursday closed a complaint alleging that SECI's solar power tenders favoured Adani Group entities and Azure Power, finding no prima facie violation of competition law. A coram comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag held that no case was made out to warrant an investigation, observing: “Upon consideration of the facts and circumstances of the present case, the Commission is of the view that there is no...

CCI Finds No Abuse of Dominant Position by Arthur Flury India In Railway Electrification Component Supply

The Competition Commission of India has closed a complaint accusing Arthur Flury India Pvt. Ltd., the Indian arm of a Switzerland-based engineering firm, of profiteering and discriminatory pricing in the supply of Short Neutral Section Assemblies used in railway electrification systems, after finding no prima facie abuse of dominance. The order, dated April 7, 2026, was passed by a bench comprising Chairperson Ravneet Kaur and members Anil Agrawal, Sweta Kakkad and Deepak Anurag. The complaint...

CCI Approves Indriya's Proposed Acquisition Of 14.2% Stake In Aditya Birla Housing Finance

The Competition Commission of India has approved the proposed acquisition of a 14.286% stake in Aditya Birla Housing Finance Limited by Indriya Limited. It said a detailed order will follow. Indriya Limited will acquire the stake through a preferential issue on a private placement basis. The shareholding will be 14.286% of the post-issue paid-up capital on a fully diluted basis. Indriya Limited is an investment holding company with no operations in India. Aditya Birla Housing Finance Limited...

CCI Approves Torrent Power's Proposed 100% Acquisition Of Nabha Power from L&T

The Competition Commission of India has cleared Torrent Power Limited's proposed acquisition of 100% stake in Nabha Power Limited from L&T Power Development Limited, paving the way for the Ahmedabad-based firm to take full control of a key thermal power asset in Punjab.The deal covers both equity shares and optionally convertible redeemable preference shares of Nabha Power, which runs a 2x700 MW supercritical thermal power plant at Rajpura and has been operational since 2014.Torrent Power,...

CCI Clears Citrus Investment's Proposed Stake Hike In Hitachi Construction Machinery, Sole Control of HCJI

The Competition Commission of India has cleared a proposed deal involving Citrus Investment LLC and Japanese construction equipment maker Hitachi Construction Machinery Co Ltd.Under the proposed transaction, Citrus will acquire an additional 0.4% stake in Hitachi Construction Machinery through stock market purchases, and take full control of a joint venture company, HCJI Holdings K.K., which was earlier jointly owned.Citrus is an investment firm that only holds shares and does not run any...

CCI Finds 17 Vendors Guilty Of Bid Rigging In Assam Police Housing Tenders, Issues Cease And Desist Order

The Competition Commission of India has held 17 vendors guilty of bid rigging in tenders floated by the Assam Police Housing Corporation Limited (APHCL), finding that the bidders colluded through bid rotation and cover bidding to manipulate the tender process.However, the Commission declined to impose any monetary penalty, instead directing the vendors to cease and desist from such anti-competitive practices and warning of stricter consequences in case of any repeat violations.A coram of...

CCI Directs Investigation Against Venkateshwara Hatcheries Group, Finds Prima Facie Vertical Restraints

Today, the Competition Commission of India (CCI) found a prima facie case of vertical restraints against the Venkateshwara Hatcheries Group and its group companies and directed an investigation under Section 26(1) of the Competition Act, 2002. A Bench comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag directed the Director General (DG) to conduct the probe and submit a report within 90 days. The Bench held:“In view of the foregoing, the Commission is...

CCI Clears MUFG Bank's Proposed Stake Purchase in Shriram Finance

The Competition Commission of India (CCI) on Wednesday approved the proposed acquisition of certain shares in Shriram Finance Limited by Japan based-MUFG Bank Ltd.MUFG Bank Ltd is wholly owned and controlled by Mitsubishi UFJ Financial Group, Inc., a financial services and holding company incorporated in Tokyo. In India, the bank provides corporate banking loans, deposit accounts, remittances, trade finance, bank guarantees, and hedging services.Shriram Finance Limited is a publicly listed...

CCI Nods For Merger Of Coursera Unit With Udemy; Coursera To Acquire Sole Control

The Competition Commission of India (CCI) on Wednesday approved the proposed merger of Chess Merger Sub, a wholly owned subsidiary of US-based education technology company Coursera Inc., with online learning platform Udemy Inc., a transaction that will result in Coursera acquiring sole control over Udemy. The proposed combination involves the merger of Udemy Inc. with Chess Merger Sub, a newly incorporated wholly owned subsidiary of Coursera Inc., with Udemy surviving as a wholly owned...