CCI Okays IFC, ADB, and DEG Stake Acquisition in Fourth Partner Energy

03 Jan 2025 CW Team

The Competition Commission of India (CCI) has approved a proposal by the International Finance Corporation (IFC), the Asian Development Bank (ADB), and Germany's DEG to acquire a stake in Fourth Partner Energy Pvt Ltd (FPEL). IFC, part of the World Bank Group, is a leading global development institution focused on private-sector growth in emerging markets. The regulator announced its decision on social media, stating, "Commission approves the acquisition of certain shareholding of Fourth Partner Energy Pvt Ltd jointly by IFC, ADB, and DEG." Fourth Partner Energy is one of India's top renewable energy companies, specialising in the development and financing of renewable energy projects. Earlier in August, IFC, ADB, and DEG collectively committed an investment of $275 million into FPEL to support the company's expansion. The funds will be used to help FPEL achieve its goal of building a 3.5 GW renewable energy portfolio by 2026. DEG, which focuses on financing private enterprises in developing countries, emphasised its mandate to promote sustainable development. In a separate decision, CCI also approved the acquisition of Kellanova's equity shares by US-based Mars Inc., known for its snacking, food, and pet care products. Kellanova, a global leader in snacking, cereals, and frozen foods, owns iconic brands like Pringles, Pop-Tarts, and Kellogg's. The $35.9 billion acquisition deal between Mars and Kellanova, announced in August, reflects Mars’ strategic expansion into global snacking and food markets. CCI's approval was required as the deals surpassed regulatory thresholds aimed at ensuring fair competition and monitoring market practices.

(ET)

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..