CCI Approves Key Proposals on January 7, 2025, Boosting Business Developments in India.

Banking & Finance

On January 7, 2025, the Competition Commission of India (CCI) approved the following proposals:


      - Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, to acquire a majority stake in Apple's contract manufacturer Pegatron Technology India Private Limited (Pegatron India).

      - Gentari Renewables India Management Private Limited to acquire 21 Special Purpose Vehicles (SPVs) owning renewable power generation plants, along with the holding companies of certain SPVs, to enhance Gentari's renewable energy portfolio and sustainable energy objectives.

      - The USA-based global investment firm CA Carob Investments to acquire up to a 68.9% stake in Roop Automotives Limited (RAL), a major player in India's automotive components industry.

Main Point :-   The Competition Commission of India (CCI) is a regulatory body established to ensure fair competition in the Indian market. It is responsible for promoting and sustaining competition in various sectors of the economy to protect consumers and prevent anti-competitive practices.

     


About CCI

Chairman: Ravneet Kaur
Headquarters : New Delhi
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