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    MCA refutes recent news reports on Byju’s
    CCI approves realignment of interests, legal ownership, and management of various entities within the Godrej group
    CCI approves acquisition of(i) certain share capital of WeWork India by Real Trustee; and (ii) Volrado IIIand other independent co-acquirers; and (ii)...
    CCI approves combination involving acquisition in IRB Infrastructure Trust and MMK Toll Road Private Limited by Cintra
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    June 27, 2024
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    Ongoing corporate investigation refutes reports of clearance in Byju's probe; no final conclusion should be assumed.
    MCA clarifies that reports asserting Byju's has been cleared of financial fraud are incorrect and misleading and that proceedings initiated under the Companies Act remain ongoing proceedings, so no final determination has been reached.
    June 19, 2024
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    Combination approval enables intra-group realignment of ownership and management under a family settlement agreement.
    CCI approved a proposed intra-group combination implementing realignment of interests, legal ownership and management across Godrej group entities pursuant to a Family Settlement Agreement among the family branches. The combination encompasses two clusters: the GILAC Group Entities (including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, Godrej Seeds & Genetics, Innovia Multiventures, Astec Lifesciences and Anamudi Real Estates LLP) and the G&B Group Entities (including Godrej & Boyce, Godrej Holdings, Godrej Infotech and RKN Enterprises).
    June 19, 2024
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    Acquisition restructuring: Share transfers permit investor and sponsor reallocation in WeWork India ownership, with post-transaction governance adjustments.
    Approval of a two-step acquisition: Real Trustee (trustee for Volrado II and Volrado III) and co-acquirers will acquire certain share capital of We Work India on a fully diluted basis from Embassy Buildcon; subsequently Embassy Buildcon will acquire 100% of OAW from We Work International, resulting in Embassy Buildcon indirectly holding We Work India shares and in aggregate continuing to hold majority shareholding on a fully diluted basis.
    June 5, 2024
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    Competition approval for foreign SPVs to acquire minority stakes in an InvIT and its investment manager, with governance rights.
    CCI approved a proposed combination where two foreign-owned SPVs will acquire roughly 24% of the unitholding in a private Infrastructure Investment Trust and, simultaneously, about 24% of the equity in the trust's investment manager with a director nomination right. The Acquirers are Netherlands-incorporated SPVs of a global toll-road developer; the Private InvIT holds multiple concessioned highway assets through SPVs and operates under Indian trust and SEBI InvIT regulations. A detailed CCI order will follow.

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