+
CCI Clears Stake Hikes in Generali JV, Balaji Wafers and Bagmane REIT
Real Estate

CCI Clears Stake Hikes in Generali JV, Balaji Wafers and Bagmane REIT

The Competition Commission of India has approved a series of corporate combinations spanning the banking, consumer goods and real estate sectors. The regulator cleared the Central Bank of India to acquire additional equity in Generali Central Insurance Company Limited (GCICL) and Generali Central Life Insurance Company Limited (GCLICL). The bank will increase its holding by one point zero nine per cent in GCICL and by zero point eight two per cent in GCLICL.

In a separate approval the regulator cleared the acquisition of a stake in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd. (GASBWP) from existing shareholders. GASBWP is an investment holding company affiliated with global investment firm General Atlantic and invests across technology, healthcare, financial services, consumer, climate and infrastructure sectors. Balaji Wafers is a packaged food manufacturer with a strong distribution network in western and central India.

The commission also approved a proposed transaction involving Bagmane Prime Office REIT, which contemplates the direct acquisition of Bagmane Developers Private Limited (BDPL) and its wholly owned subsidiary Bagmane Green Power LLP (BGPL). The deal further provides for the indirect acquisition of Bagmane Rio Private Limited (BRPL) and the property Luxor at Bagmane Capital Tech Park from Bagmane Constructions Private Limited. Under the arrangement the sponsor group of the REIT and certain third party shareholders of the targets will receive units of the REIT in exchange for transferring their shareholding.

The target entities are engaged in development and leasing of commercial real estate, hospitality operations and renewable power generation and their integration into Bagmane Prime Office REIT is intended to consolidate those activities under the REIT structure. Bagmane Prime Office REIT was registered with the Securities and Exchange Board of India (SEBI) on July 15, 2025. The Competition Commission of India approved these combinations after assessing their likely effects on competition and did not disclose financial terms in the public summary.

The Competition Commission of India has approved a series of corporate combinations spanning the banking, consumer goods and real estate sectors. The regulator cleared the Central Bank of India to acquire additional equity in Generali Central Insurance Company Limited (GCICL) and Generali Central Life Insurance Company Limited (GCLICL). The bank will increase its holding by one point zero nine per cent in GCICL and by zero point eight two per cent in GCLICL. In a separate approval the regulator cleared the acquisition of a stake in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd. (GASBWP) from existing shareholders. GASBWP is an investment holding company affiliated with global investment firm General Atlantic and invests across technology, healthcare, financial services, consumer, climate and infrastructure sectors. Balaji Wafers is a packaged food manufacturer with a strong distribution network in western and central India. The commission also approved a proposed transaction involving Bagmane Prime Office REIT, which contemplates the direct acquisition of Bagmane Developers Private Limited (BDPL) and its wholly owned subsidiary Bagmane Green Power LLP (BGPL). The deal further provides for the indirect acquisition of Bagmane Rio Private Limited (BRPL) and the property Luxor at Bagmane Capital Tech Park from Bagmane Constructions Private Limited. Under the arrangement the sponsor group of the REIT and certain third party shareholders of the targets will receive units of the REIT in exchange for transferring their shareholding. The target entities are engaged in development and leasing of commercial real estate, hospitality operations and renewable power generation and their integration into Bagmane Prime Office REIT is intended to consolidate those activities under the REIT structure. Bagmane Prime Office REIT was registered with the Securities and Exchange Board of India (SEBI) on July 15, 2025. The Competition Commission of India approved these combinations after assessing their likely effects on competition and did not disclose financial terms in the public summary.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code