Competition Commission of India | Business Upturn

Torrent Power receives CCI approval for 100% acquisition of Nabha Power

Business Desk — Wed, 08 Apr 2026 08:14:53 +0000

Torrent Power has secured approval from the Competition Commission of India (CCI) for its acquisition of Nabha Power Limited. The approval, received on April 7, 2026, allows Torrent Power to acquire 100% of the equity stake and convertible instruments of Nabha Power from L&T Power Development Limited.

This development follows an earlier intimation by Torrent Power, dated February 16, 2026, regarding the acquisition process. The CCI’s communication was received at 6:14 pm, confirming the regulatory nod for the transaction. The official order from the CCI regarding this approval is expected to follow.

The acquisition of Nabha Power is a significant move for Torrent Power as it expands its footprint in the power sector. Nabha Power, a subsidiary of L&T Power Development, operates in the energy generation space, and this acquisition aligns with Torrent Power’s strategic growth plans.

This approval marks a crucial step in Torrent Power’s acquisition process, ensuring compliance with regulatory requirements and enabling the company to proceed with the transaction.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels receives CCI approval for equity acquisition and restructuring

Kinjal — Tue, 07 Apr 2026 15:32:32 +0000

Lemon Tree Hotels has received approval from the Competition Commission of India (CCI) for the acquisition of equity shares in Fleur Hotels Limited by Coastal Cedar Investments BV. The approval also covers the internal restructuring of the Lemon Tree Hotels group through amalgamation and demerger.

The CCI’s approval, communicated on 7 April 2026, marks a significant milestone for Lemon Tree Hotels as it moves forward with the proposed transactions. These transactions were initially disclosed in a prior intimation dated 9 January 2026.

The company is now set to proceed with the necessary steps to complete the transactions in compliance with applicable laws. However, the detailed order from the CCI is still awaited, which will provide further clarity on the terms and conditions of the approval.

This development is a crucial step towards the consummation of the proposed transactions, which aim to streamline the company’s operations and enhance its strategic positioning in the hospitality sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Shriram Finance receives CCI approval for MUFG Bank’s investment

Business Desk — Wed, 25 Mar 2026 14:12:08 +0000

Shriram Finance Limited has announced that it has received approval from the Competition Commission of India (CCI) for a significant investment by MUFG Bank Ltd. The approval pertains to the proposed issuance of 47,11,21,055 equity shares to MUFG Bank by way of a preferential issue on a private placement basis. This development follows the outcome of a board meeting held on December 19, 2025, and subsequent intimations in January and February 2026.

The investment agreement, executed on December 19, 2025, between Shriram Finance and MUFG Bank, outlines the terms of the proposed transaction. With the CCI’s nod, the transaction has cleared a major regulatory hurdle. However, the completion of the transaction remains subject to certain conditions precedent as specified in the investment agreement.

The approval from CCI marks an important step in the strategic partnership between Shriram Finance and MUFG Bank, potentially enhancing the financial capabilities and market reach of Shriram Finance.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Shriram Finance receives CCI approval for MUFG Bank’s investment

Yash Agarwal — Wed, 25 Mar 2026 14:05:01 +0000

Shriram Finance Limited has announced that the Competition Commission of India (CCI) has approved the proposed investment by MUFG Bank Ltd. The approval pertains to the issuance of 47,11,21,055 equity shares to MUFG Bank, as part of a preferential issue on a private placement basis. This development follows the outcome of a board meeting held on December 19, 2025, and subsequent intimations in January and February 2026.

The investment agreement, which was executed on December 19, 2025, outlines the terms of the proposed transaction between Shriram Finance and MUFG Bank. The consummation of this transaction remains subject to certain conditions precedent as specified in the investment agreement.

This strategic investment by MUFG Bank is expected to strengthen Shriram Finance’s financial position and enhance its growth prospects. The approval from the CCI marks a significant step forward in the completion of this transaction.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Maruti Suzuki hearing adjourned to 24th April 2026 for further arguments

Yash Agarwal — Wed, 25 Mar 2026 13:15:25 +0000

Maruti Suzuki India has announced that the ongoing legal matter with the National Company Law Appellate Tribunal (NCLAT) has been adjourned once again. The hearing, which took place on 25th March 2026, involved further arguments concerning the company’s case. The tribunal has now scheduled the next hearing for 24th April 2026.

This development follows a series of adjournments and hearings that have been ongoing since the initial order by the Competition Commission of India (CCI) against Maruti Suzuki on 23rd August 2021. The case has seen numerous postponements, with the NCLAT granting interim stays and setting various dates for hearings over the past years.

The legal proceedings have involved multiple submissions and arguments from both Maruti Suzuki and the CCI. The matter has been listed and adjourned several times, with the tribunal often citing a lack of time or awaiting further submissions from the involved parties.

As the case continues, stakeholders and observers remain keenly interested in the outcome, given its potential implications for Maruti Suzuki and the broader automotive industry in India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Apollo Hospitals increases stake in subsidiary to 99.42% with Rs 12,540.68 million acquisition

Business Desk — Mon, 23 Mar 2026 07:02:57 +0000

Apollo Hospitals Enterprise has successfully completed the acquisition of a significant equity stake in its subsidiary, Apollo Health and Lifestyle Limited (AHLL). The transaction involved purchasing 41,650,638 equity shares, representing a 30.58% stake, from International Finance Corporation (IFC) and IFC EAF Apollo Investment Company (IFC EAF). The acquisition was executed for a total purchase consideration of ₹12,540.68 million.

The completion of this transaction has resulted in Apollo Hospitals increasing its effective shareholding in AHLL to 99.42%. This strategic move follows the approval from the Competition Commission of India (CCI), which was obtained on 20 January 2026.

This development marks a significant step for Apollo Hospitals in consolidating its control over AHLL, further strengthening its position in the healthcare sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).