Fair trade regulator CCI on Tuesday approved home-grown private equity firm ChrysCapital’s proposal to acquire a stake in Nash Industries (I) Pvt Ltd.
Mumbai-based ChrysCapital is acquiring stakes through its three affiliates, ChrysCapital Fund X, Two Infinity Partners, and Blue Wave Investments Ltd. These entities invest in different sectors.
"The proposed combination pertains to the acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Limited (collectively, the Acquirers), collectively, of certain equity share capital of Nash Industries (I) Private Limited (Target)," the Competition Commission of India (CCI) said in a release.
Nash Industries is engaged in the business of box build solutions and metal stamping. The acquirers are private equity investors belonging to the ChrysCapital Group.
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"Commission approves acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue wave Investments Limited, collectively, of certain equity share capital in Nash Industries (I) Private Limited," the competition watchdog said in a post on X.
The Bengaluru-based company designs, manufactures, and supplies electronic components for customers across electrical and power protection, data centres, defence and aerospace, IT and AI-related hardware, healthcare products and gaming industries.
The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices, as well as promotes fair competition in the marketplace.
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