{"id":88915,"date":"2022-08-03T14:48:29","date_gmt":"2022-08-03T09:18:29","guid":{"rendered":"https:\/?p=88915"},"modified":"2025-07-03T18:04:23","modified_gmt":"2025-07-03T12:34:23","slug":"weekly-antitrust-privacy-updates-india-cci-acquisitions","status":"publish","type":"post","link":"https:\/\/www.bananaip.com\/intellepedia\/weekly-antitrust-privacy-updates-india-cci-acquisitions\/","title":{"rendered":"Weekly Anti-trust and Privacy Updates"},"content":{"rendered":"

This week\u2019s anti-trust and privacy updates are as follows:<\/p>\n

CCI approves Axis Bank acquisition of Citi Corp<\/h2>\n
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The CCI, last week, approved Axis Bank\u2019s Rs. 12,325 Cr. acquisition of Citi Bank NA and Citicorp Finance India Limited. Axis Bank, as per the deal, would be acquiring all of Citi\u2019s consumer banking activities. Citi\u2019s credit cards, personal loans and wealth management business would be transferred to Axis Bank. The acquisition is expected to close by September 2024.<\/div>\n
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CCI approves Greenforest acquisition of stake in TPREL<\/h2>\n
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The CCI approved Greenforest New Energies Bidco Limited\u2019s acquisition of stake in Tata Power Renewable Energy Limited (TPREL). The said acquisition of equity share capital of up to 11.43% came as a result of internal re-organisation of TPREL. The acquisition is an indirect investment by BlackRock Alternatives Management LLC, a leading US based asset management and advisory company, and Mubadala Investment Company PJSC, an Emirati sovereign wealth fund, through their investment vehicle- Greenforest.<\/div>\n
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CCI approves Google acquisition of stake in Airtel<\/h2>\n
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The CCI approves Google LLC\u2019s acquisition of 1.28% stake in Bharati Airtel Telecom through Google Investments LLC. The said acquisition is in non-controlling minority stake. Google and Airtel have entered into several commercial arrangement to invest around $300 million in Airtel\u2019s various activities like manufacturing of affordable smart phones and cloud adoption.<\/div>\n
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Authored by Ipshita Bhattacharyya (Associate, BananaIP Counsels)<\/div>\n
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If you have any questions, or need any clarifications, please feel free to write to contact@bananaip.com<\/div>\n
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Disclaimer: Kindly note that the news bulletin has been put together from different sources, primary and secondary, and BananaIP\u2019s reporters may not have verified all the news published in the bulletin. You may write to contact@bananaip.com for corrections and take down.<\/div>\n","protected":false},"excerpt":{"rendered":"

This week\u2019s update analyses key CCI approvals in India\u2019s anti-trust and privacy landscape, including major acquisitions by Axis Bank, Greenforest, and Google. The bulletin provides a factual overview of recent regulatory decisions impacting the financial and technology sectors.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":9,"footnotes":""},"categories":[6,3822,95],"tags":[4931,2228,4932,1721,11656,261,7421,329],"class_list":["post-88915","post","type-post","status-publish","format-standard","hentry","category-intellectual-property","category-ip-and-antitrust-competition","category-privacy-data-protection","tag-airtel","tag-antitrust","tag-axis-bank","tag-cci","tag-citicorp","tag-google","tag-mergers-and-acquisitions","tag-privacy"],"_links":{"self":[{"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/posts\/88915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/comments?post=88915"}],"version-history":[{"count":3,"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/posts\/88915\/revisions"}],"predecessor-version":[{"id":142940,"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/posts\/88915\/revisions\/142940"}],"wp:attachment":[{"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/media?parent=88915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/categories?post=88915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bananaip.com\/intellepedia\/wp-json\/wp\/v2\/tags?post=88915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}