<h1>Premji Invest and 360 ONE Asset seek CCI approval for stake acquisition in Akasa Air's parent company, SNV Aviation.</h1> Premji Invest, the family office of Ranjan Pai, and 360 ONE Asset are seeking approval from the Competition Commission of India (CCI) to acquire stakes in SNV Aviation, the parent company of Akasa Air. The acquisition involves Premji Invest's alternative investment fund, Pai's Claypond, and 360 Fund. The parties claim no competition concerns arise from the transaction, despite a notional vertical relationship in air transportation and travel services markets. Akasa Air has also secured additional funding from existing shareholders, including the Jhunjhunwala family, to support its growth and international expansion plans. Current shareholder stakes will decrease with new investments.