CCI Greenlights Major Transactions Involving Infrastructure and Small Finance Firms

The Competition Commission of India (CCI) has approved two significant transactions. Ontario Teachers Pension Plan Board's unit will increase its stake in the Highway Infrastructure Trust. Citrine Inclusion Ltd, managed by LeapFrog Group GP, will acquire a stake in Utkarsh CoreInvest Ltd, the holding entity of Utkarsh Small Finance Bank.

The Fair Trade regulator, Competition Commission of India (CCI), has approved two significant transactions as of Tuesday. Canada-based Ontario Teachers Pension Plan Board's subsidiary, Ontario Ltd (OTPP 1), will increase its stake in the Highway Infrastructure Trust, a Sebi-registered infrastructure investment trust. The CCI confirmed the approval on the social media platform, X.

Additionally, the CCI granted approval for Citrine Inclusion's acquisition of a stake in Utkarsh CoreInvest Ltd. Citrine is an Ireland-based investment holding company controlled by the LeapFrog Group, a private equity firm with a focus on social impact investments. Utkarsh CoreInvest Ltd, a core investment company registered under the Reserve Bank of India, holds Utkarsh Small Finance Bank.

These regulatory clearances are necessary for transactions exceeding a certain threshold to ensure fair competition and to monitor against unfair business practices in the marketplace.