The Competition Commission of India (CCI) has approved the acquisition of shares in Avendus Capital Pvt Ltd by Mizuho Securities Co Ltd, a part of Japan’s Mizuho Financial Group. This decision was made public in a release issued on Tuesday.
Avendus Capital, a registered merchant banker with operations in India, Singapore, the US, and the UK, will see Mizuho Securities investing in its shares.
Additionally, the CCI sanctioned a merger involving A1 Agri Global Ltd (Agri), BN Agritech Ltd (BNA), and Salasar Balaji Overseas Pvt Ltd (Salasar), which will be consolidated into BN Agrochem Ltd (BNAC). BNAC specializes in the procurement and trading of soybean and palmolein oils, while BNA focuses on sourcing edible oils and also engages in refining, repackaging, and trading.
In another development, CCI has approved the acquisition plans of MAIF 4 Investments India 2 Pte Ltd, an investment entity wholly owned by Macquarie Asia-Pacific Infrastructure Fund 4, which is ultimately controlled by Macquarie Group Ltd. MAIF 4 is set to acquire a 42.5% stake in Maple IM, a 40% share in Maple PM, and up to 37.5% of the units of Maple Trust. Maple IM and Maple PM serve as the investment manager and project manager for Maple Trust, respectively, which is engaged in owning and operating road assets in India through government concessions.
Such transactions typically require CCI approval when they surpass certain thresholds.
This announcement was published on April 28, 2026.
