CCI Clears Equity Acquisition in Avendus Capital by Mizuho Securities

The Competition Commission of India has approved the proposed acquisition of certain equity shares in Avendus Capital Private Limited by Mizuho Securities Co., Ltd, as per PTI reports.  

The deal covers the purchase of shares on a fully diluted basis, meaning the holding is calculated after accounting for all convertible instruments. The regulator said the approval has been granted, with a detailed order to follow at a later stage. 

Mizuho’s Global and India Presence 

Mizuho Securities is part of Mizuho Financial Group and operates through around 20 offices globally. Its business spans four segments: investment banking, global markets, research, and retail and business banking.  

In India, the firm operates through Mizuho Securities India Private Limited, which was incorporated in 2010 and is registered with the Securities and Exchange Board of India (SEBI) as a merchant banker. 

Avendus Capital’s Business 

Avendus Capital is registered with SEBI as a merchant banker and has operations across India, Singapore, the United States and the United Kingdom through its subsidiaries.  

In India, it offers mergers and acquisitions advisory, private equity syndication, and equity capital market services. These are spread across 6 sectors, including digital technology, financial institutions, healthcare, industrials and infrastructure. 

Other Decisions Cleared 

Alongside this transaction, the Commission approved the merger of A1 Agri Global Ltd, BN Agritech Ltd and Salasar Balaji Overseas Pvt Ltd into BN Agrochem Ltd. These companies are involved in procurement, refining, repackaging and trading of edible oils such as soybean oil and palmolein. 

Separately, investments by MAIF 4 Investments India 2 Pte Ltd, an entity linked to Macquarie Group Limited, were also cleared. The transaction includes acquisition of stakes in entities managing and operating road assets in India. 

Read More: ED Attaches ₹3,034 Crore Worth Assets in Anil Ambani’s Reliance Group Investigation! 

Conclusion 

The Avendus Capital transaction is one of several combinations cleared by the Commission, as deals crossing prescribed thresholds continue to require regulatory approval under competition law. 

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