CCI Greenlights Major Stake Acquisitions in Actis Holdings and Rane NSK Steering Systems
The Competition Commission of India (CCI) has approved General Atlantic's acquisition of a 100 percent stake in Actis Holdings, a sustainable infrastructure investor. The deal will make Actis a part of General Atlantic's global investment platform. The CCI also approved Rane Holdings Ltd's acquisition of the remaining 51 percent stake in Rane NSK Steering Systems Pvt Ltd.
- Country:
- India
The Competition Commission of India (CCI) has granted approval for US-based private equity firm General Atlantic to acquire a 100 percent stake in Actis Holdings, a global investor in sustainable infrastructure, energy, digital infrastructure, real estate, and private equity.
In a post on X, the CCI announced, 'CCI approves the proposed acquisition of 100% shareholding of Actis Holdings S.à r.l. by GAP Arthur Holdco, LP,' identifying the latter as an affiliate of General Atlantic. A January agreement revealed that General Atlantic would acquire Actis, creating a combined investment platform with USD 96 billion in assets under management.
Additionally, the fair trade regulator approved Rane Holdings Ltd's proposal to acquire the remaining 51 percent stake in Rane NSK Steering Systems Pvt Ltd. This acquisition will strengthen Rane Holdings' position in the automotive components market.
(With inputs from agencies.)
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