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Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in February this year, announced that private equity funds affiliated with Blackstone and co-investors have entered into definitive agreements to invest in the company, enabling a USD 1.2 billion capital raise. The Competition Commission of India (CCI) said it has cleared the proposed deal. "CCI approves the acquisition of certain shareholding in Neysa Networks Private Limited by BCP Asia II Topco V Pte. Ltd, Asia II Topco XIV Pte. Ltd, and other investors," the competition watchdog said in a post on X. Other equity investors in the transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures. Blackstone is the world's largest alternative asset manager with USD 1.3 trillion in assets under management, including global investment strategies .
Competition Commission seeks to strike the right balance to ensure that it neither stifles innovation with over-regulation nor allows the "winner-takes-all tyranny" of the Big Tech, the watchdog's member Sweta Kakkad said on Wednesday. Speaking at the 17th annual day function of the Competition Commission of India (CCI), she said the rise of artificial intelligence and its impact on pricing, algorithms and digital ecosystems are the newer challenges and that the regulator will deal with them efficiently. CCI has the mandate to keep a tab on unfair business practices and promote fair competition at the market place. "We are at the crossroads where the CCI tries to strike a balance that is just right, which neither stifles innovation with over-regulation nor allows the winner-takes-all tyranny of the Big Tech," she said. CCI has been taking action against unfair business practices in digital markets and has also passed orders against entities for violation of competition norms.
Appellate tribunal NCLAT on Tuesday set aside a Rs 301.6-crore penalty imposed on the Grasim Industries by CCI, directing the fair trade regulator to hear the Aditya Birla Group firm again over its alleged dominance in the viscose staple fibre (VSF) market. The tribunal observed that the CCI did not provide a chance to Grasim Industries to present their arguments, after it differed from the findings of DG, its probe Unit. The Competition Commission of India (CCI) had imposed a penalty on Grasim Industries in March 2020 for allegedly abusing its dominant position with respect to supply of VSF to spinners in India in which it has a dominant position. The order was challenged by Grasim before the NCLAT, which is also an appellate authority over CCI, which asked the regulator to hear afresh. A two-member National Company Law Appellate Tribunal (NCLAT) bench said the CCI itself has "differed from findings of the DG", its probe unit, regarding their directions for disclosure of ...
Fair trade regulator Competition Commission of India has cleared Torrent Power's proposal to acquire 100 per cent stake in Nabha Power Ltd. The move came after Torrent Power, in February 2026, said it entered into an agreement with L&T Power Development to acquire 100 per cent equity stakes in Nabha Power for an enterprise value of Rs 6,889 crore. "The proposed combination entails the acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares (on a fully diluted basis) in Nabha Power Ltd by Torrent Power Ltd from L&T Power Development Ltd," the regulator said in a release on Tuesday. Torrent Power is engaged in the business of power generation, transmission, distribution and manufacturing and supply of power transmission cables, and is a part of 'Torrent Group,' which is into power, pharmaceuticals and gas distribution sectors. Nabha Power Ltd is a wholly-owned subsidiary of L&T Power Development Ltd (L&TPDL), and .
Fair trade regulator CCI on Tuesday cleared Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd. The development came after the boards of Aditya Birla Capital and Aditya Birla Housing Finance, in February 2026, approved a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL, from Indriya Ltd, one of the entities of Advent International. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a private placement basis) amounting to 14.286 per cent of the post-issue paid up equity share capital of the Aditya Birla Housing Finance Ltd, on a fully diluted basis by the Indriya Ltd," the regulator said in a release. Aditya Birla Housing Finance Ltd (ABHFL) is engaged in the business of providing home loans, loans against property, construction finance loans, and lease rental discounting loans. It is a wholly-owned subsidiary of Aditya Birla Capital Ltd (ABCL). "CCI approves the ...
Competition Commission is getting ready to take action against anti-competitive practices that might emerge in the artificial intelligence front, including algorithmic collusion, the regulator's chief Ravneet Kaur said on Monday. She said the watchdog is also looking at anti-trust issues in sports, civil aviation, paints and varnishes, and liquor sectors. The Competition Commission of India (CCI) keeps a tab on unfair business practices in the market place. "... we are getting ready to take action even on any anti-competitive practices which might emerge in the AI front. "So, we've identified potential anti-competitive conduct... which would be concentration in the AI value chain. It could be algorithmic collusion, targeted price discrimination, self-preferencing, or any opaqueness in the AI," Kaur said. Last year, CCI came out with a market study in AI and competition. Speaking at the 11th National Conference on Economics of Competition Law in the national capital, the CCI ...