Tag: Competition Commission of India

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Blackstone gets CCI nod to acquire stake in Kolte-Patil Developers

NEW DELHI: Blackstone has received approval from the Competition Commission of India (CCI) for its proposed investment in Kolte-Patil Developers through a combination of preferential allotment and secondary share purchase. In March 2025, the company had announced about a proposed equity infusion via preferential allotment and secondary share acquisition by BREP Asia III India Holding Co VII, an affiliate of Blackstone. The transaction involves a two-pronged investment structure, cumulatively valued at approximately ₹1,167 crore. As part of the deal, Kolte-Patil Developers will issue 1,26,75,685 equity shares on a preferential basis to BREP Asia III India Holding Co VII. The shares,…

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Birla Opus Paints files abuse complaint with CCI against Asian Paints

Asian Paints shares will be in focus on Monday after Birla Opus Paints, a unit of the Birla Group, filed a complaint with the Competition Commission of India (CCI), accusing the company of abuse of dominance, according to sources cited by CNBC-TV18. Grasim Industries, which owns Birla Opus Paints, reportedly filed the complaint in November 2024, alleging that Asian Paints threatened dealers with reduced credit limits and withdrawal of contracts if they engaged with Grasim. The complaint also accuses Asian Paints of delaying supplies and restricting access to tinting machines as a pressure tactic. Asian Paints, India’s largest paint manufacturer,…

Commercial

Knowledge Realty Trust gets CCI nod to acquire entities of Blackstone, Sattva Group

NEW DELHI: The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust’s acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. “The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and…