CCI Approves BlackRock-Backed Investment in Aditya Birla Renewables

The Competition Commission of India (CCI) has approved the subscription of equity share capital in Aditya Birla Renewables Limited (ABReN) by GIP EM Star Pte. Ltd..

The acquirer is a Singapore-based entity owned by funds managed by GIM EM Manager LLC, which is wholly owned by Global Infrastructure Management (GIM). GIM is an indirectly majority-owned subsidiary of BlackRock, Inc., a global investment management firm providing advisory and risk management services to institutional and retail clients worldwide.

Headquartered in Mumbai, Aditya Birla Renewables Limited and its subsidiaries are engaged in renewable energy generation, including solar and wind power.

The approval marks a significant step in facilitating global investment into India’s renewable energy sector, supporting capacity expansion and long-term clean energy growth.