The Competition Commission of India (CCI), under the Ministry of Corporate Affairs (MCA), has approved two major acquisition proposals.
Germany-based DWS Group has received approval to acquire a 40% stake in Nippon Life India Alternative Investment Fund (AIF) Management Limited (NIAIF) for approximately ₹733 crore.
An Aditya Birla Group-led consortium has acquired a 100% stake in Royal Challengers Sports Pvt Ltd (RCSPL), the owner of the Royal Challengers Bengaluru (RCB) franchise, from United Spirits Ltd (USL) in an all-cash deal worth ₹16,660 crore. Following the acquisition, Aryaman Vikram Birla, Director at the Aditya Birla Group, has been appointed as the Chairman of the RCB franchise.