CCI Approves CA Carob’s Acquisition of 68.9% in Roop Automotives

13 Jan 2025 CW Team

The Competition Commission of India (CCI) has approved a proposed acquisition involving interconnected steps, leading to CA Carob Investments (Investor) acquiring up to 68.9 per cent of the shareholding in Roop Automotives Limited (RAL). The acquisition involves a series of steps, including a securities swap between Highway Industries Limited (HIL) shareholders and RAL, with CA Carob Investments eventually becoming the majority shareholder in RAL.

CA Carob Investments is a special purpose vehicle based in Mauritius, controlled by funds affiliated with the Carlyle Group. Carlyle is a global alternative asset manager, with investments across multiple sectors, including private equity, real estate, infrastructure, and energy.

Roop Automotives, an Indian public limited company, manufactures and sells auto-components, while Highway Industries is also involved in the auto-component manufacturing sector.

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