The Competition Commission of India (CCI) on Tuesday said it has approved four deals, including the acquisition of Thyssenkrupp Electrical Steel India by a subsidiary of a joint venture firm of JSW Steel and Japan’s JFE Steel Corporation.
JSW JFE Electrical Steel currently does not have any commercial operations in India but it’s expected to start manufacturing and sale of grain-oriented electrical steel from 2027 onwards, the antitrust regulator said in a statement.
Similarly, the regulator has cleared the purchase of a stake in Bagmane Developers and Bagmane Rio by a Blackstone entity.
The acquirer–BREP Asia III India Holding Co VIII Pte–is an affiliate of funds advised or managed by affiliates of Blackstone. The acquired entities are engaged in the development, leasing and operation of commercial real estate and hospitality business, among others.
