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        News and Press Release

        CCI approves acquisition of shareholding in Shriram Housing Finance Limited by Mango Crest Investment Ltd.

        August 21, 2024

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        The Competition Commission of India (CCI) has approved the acquisition of shareholding in Shriram Housing Finance Limited by Mango Crest Investment Ltd.

        Mango Crest Investment Ltd. is a company incorporated in the Republic of Mauritius. The principal business activity of the Acquirer is undertaking investment holding activities.

        Shriram Housing Finance Limited is a housing finance company registered with the National Housing Bank.

        Detailed order of the CCI will follow.

        Competition approval granted for cross-border acquisition of housing finance firm, permitting change in shareholding pending detailed order. The Competition Commission of India has granted competition approval for Mango Crest Investment Ltd., a Mauritius investment holding company, to acquire shareholding in Shriram Housing Finance Limited, a housing finance company registered with the national housing regulator; the detailed CCI order will follow.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Competition approval granted for cross-border acquisition of housing finance firm, permitting change in shareholding pending detailed order.

                                The Competition Commission of India has granted competition approval for Mango Crest Investment Ltd., a Mauritius investment holding company, to acquire shareholding in Shriram Housing Finance Limited, a housing finance company registered with the national housing regulator; the detailed CCI order will follow.


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