CCI clears Xavier Niel's 5.1 bn euro Vodafone stake acquisition, 3 deals

The Competition Commission of India (CCI) has approved a proposal by French billionaire Xavier Niel to acquire a 16.2% stake in Vodafone Group Plc. The acquisition will be conducted through Vega SAS, a wholly owned subsidiary of the French company Maya SAS. This transaction, which involves a cash payment of approximately £4.4 billion (5.1 billion euros), is intended to make Vega the largest shareholder of the UK-based telecom operator.

According to The Economic Times, Vega has no business operations or presence in India, though Vodafone operates in the country via Vodafone Idea Ltd.

The regulator also approved several other transactions, including the acquisition of Solenergi Power by Aditya Birla Renewables, Adani Energy Solutions' purchase of IntelliSmart Infrastructure, and deals involving Prosus-backed Navi, Business Standard IN reports.

Brief written by urgent.news from Business Standard IN, The Economic Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.