CCI Grants Approval for Key Mergers and Acquisitions on March 4, 2025.
National
On March 4, 2025, the Competition Commission of India (CCI) approved multiple acquisition proposals across various industries.TPG Scion Singapore Private Limited, based in Singapore, acquired a stake in Schott Poonawalla Private Limited (SPPL), a Pune (Maharashtra)-based company, through a secondary purchase from Serum Institute of India (SII) Private Limited.
- Adani Infra (India) Limited (AIIL), a subsidiary of Adani Enterprises Limited, acquired a 30.07% equity stake in PSP Projects Limited, an Ahmedabad (Gujarat)-based firm, for Rs. 685.36 crore.
- Ambuja Cements Limited (ACL), headquartered in Mumbai (Maharashtra), acquired up to a 72.8% stake in Orient Cement Limited (OCL), a company based in New Delhi (Delhi).
- Shell Deutschland GmbH, a subsidiary of Shell Plc, a global energy company based in the Netherlands, acquired 100% ownership of Raj Petro Specialities Private Limited, located in Mumbai (Maharashtra), through Shell Overseas Investments B.V..
Main Point :- (i) Roquette Frères S.A, a France-based company, acquired the Pharma Solutions and specific product lines from the Nourish segment of International Flavors & Fragrances Inc. (IFF), a USA-based company.
(ii) Alpha Wave Ventures II, LP, based in Florida (USA), acquired a 12.44% stake in Advanta Enterprises Limited, a company headquartered in Mumbai (Maharashtra).
(iii) JSW Energy Limited (JSWEL), a Mumbai (Maharashtra)-based company, acquired 100% shareholding in KSK Mahanadi Power Company Limited, based in Hyderabad (Telangana), for nearly Rs. 16,000 crore.
About Competition Commission of India (CCI)
Chairperson: Ravneet Kaur
Headquarters : New Delhi
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