CCI Approves Major Acquisitions by Triumph Composites, PNC Infratech, and JSW Paints.

On September 16, 2025, the Competition Commission of India (CCI), under the Ministry of Corporate Affairs (MCA), approved multiple high-value acquisitions, signaling significant consolidation in India’s industrial, infrastructure, and paints sectors.

      - CCI approved Triumph Composites Private Limited and Quartz Fibre Private Limited acquiring 100% shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. in Owens-Corning (India) Limited, covering its glass reinforcement business, enabling full operational control and potential market expansion.

      - PNC Infratech Limited’s acquisition of 95–100% stake in JAL, directly or via a Special Purpose Vehicle (SPV), strengthens its infrastructure sector footprint and supports long-term strategic growth.

      - JSW Paints Private Limited approved for acquiring up to 75% stake in ANIL via Share Purchase Agreement (SPA) and mandatory open offer; the deal, announced in June 2025 for Rs. 8,986 crore, boosts JSW’s presence in the Indian paints and coatings market.

Main Point :-   (i) These acquisitions promote sectoral consolidation in infrastructure, industrial composites, and paints, improve operational efficiency, expand market share, and integrate advanced technological capabilities.

      (ii) CCI, under MCA, ensures fair competition in India. Approving these acquisitions facilitates corporate restructuring, supports foreign and domestic investment, and strengthens India’s economic growth trajectory.