Competition Commission of India (CCI) approves DWS Group's stake acquisition in Nippon Life India AIF Management Ltd

Key facts

• The Competition Commission of India (CCI) approved the proposal of Germany-based DWS Group to acquire a 40 per cent equity stake in Nippon Life India AIF Management Ltd (NIAIF).
• NIAIF is a subsidiary of Nippon Life India Asset Management Ltd (NAMI) and is registered with the Securities and Exchange Board of India (SEBI) as a co-investment portfolio manager.
• The CCI cleared the acquisition of shareholding of seven Special Purpose Vehicles (SPVs) by Anantam Highways Trust (InvIT), with units issued to Build India Infrastructure Fund, Dilip Buildcon Ltd (DBL), and DBL Infraventures Pvt Ltd.
• The CCI approved the acquisition of shares in Krazybee Services Ltd and Finnovation Tech Solutions Pvt Ltd by Mars Equity Dragon Fund VCC.
• Krazybee Services Ltd is a Reserve Bank of India (RBI) registered non-deposit taking Non-Banking Financial Institution.