TestCloud
Prep • Practice • Perform
Log In

CCI Approves Renault Group’s Stake Acquisition in RNAIPL and Road Asset Deals by Anantam Highways Trust.

Banking & Finance | Dated: 30 Jul 2025

On 28 July 2025, the Competition Commission of India (CCI), functioning under the Ministry of Corporate Affairs (MCA), granted approval to two major acquisition proposals: Renault Group’s remaining stake acquisition in Renault Nissan Automotive India Pvt Ltd (RNAIPL), and road asset acquisition by Anantam Highways Trust, reflecting significant consolidation in the automotive and infrastructure sectors.

🎯 Key Highlights:

  • - The first CCI-approved deal involved Renault Group B.V. and its nominee Renault S.A.S. acquiring the remaining 51% stake in Renault Nissan Automotive India Pvt Ltd (RNAIPL) from Nissan Motor Company Ltd. and its affiliates, including Nissan Overseas Investments B.V., consolidating Renault’s full ownership in the Indian venture.
  • - The proposed combination under this automotive deal includes the acquisition of equity shares as well as zero-coupon non-convertible redeemable preference shares, fully paid-up, from Nissan, Japan, and its entities. This acquisition enables Renault to strengthen control over manufacturing and operations in the Indian market.
  • - In the second deal, CCI approved the acquisition of road infrastructure assets by Anantam Highways Trust, an Infrastructure Investment Trust (InvIT) backed by Mumbai-based Alpha Alternatives Fund Advisors LLP and sponsor Dilip Buildcon Ltd (DBL) and DBL Infraventures Pvt Ltd.

💡 Other Important Facts:

  • (i) The Anantam deal includes full 100% shareholding in eight target Special Purpose Vehicles (SPVs), covering key national highway assets such as Doddaballapur Hoskote Highways, Repallewada Highways, Chhindwara Highways, and others spanning across Maharashtra, Karnataka, and Tamil Nadu.
  • (ii) Additionally, the deal also includes a 49% stake acquisition in PHL Infrastructure Pvt Ltd, a road asset entity, further expanding Anantam’s portfolio of highway concessions and improving long-term infrastructure investment viability.
  • (iii) These approvals by the CCI align with the Indian government’s focus on ease of doing business and infrastructure modernization, paving the way for enhanced foreign investments and strategic asset consolidation in key sectors.

📚 Test Your Knowledge:

Recently, the CCI approved which company’s acquisition of a 51% stake in Renault Nissan Automotive India Pvt Ltd (RNAIPL)?

Correct Answer: Renault Group B.V.

🚀 Quick Recap:

About CCI

  • Chairperson : Ravneet Kaur IAS
  • Headquarters: New Delhi