**Approval of Acquisition: Mizuho Securities Co. Ltd. and Avendus Capital Private Ltd.**
**Overview**
On April 28, 2026, the Competition Commission of India (CCI) approved the acquisition of certain equity share capital of Avendus Capital Private Limited (ACPL) by Mizuho Securities Co. Ltd. (Mizuho Securities). The transaction is to be executed on a fully diluted basis.
**The Parties Involved**
* **Mizuho Securities Co. Ltd.:** A subsidiary of the Japan-based Mizuho Financial Group, Mizuho Securities maintains a global presence with 20 offices. The firm operates across four primary business segments: global investment banking, global markets, research (in-depth investment information), and retail and business banking. In India, the company operates through its subsidiary, Mizuho Securities India Private Limited (Mizuho India), which was incorporated in 2010 and is a SEBI-registered merchant banker.
* **Avendus Capital Private Limited (ACPL):** A SEBI-registered merchant banker, ACPL operates internationally through subsidiaries in India, Singapore, the United Kingdom, and the United States. In the Indian market, ACPL provides mergers and acquisitions (M&A) advisory, private equity syndication services, and equity capital market solutions. The firm serves six major sectors:
1. Digital technology & consumer
2. Enterprise technology & services
3. Financial institutions group
4. Healthcare
5. Industrial
6. Infrastructure
**Administrative Details**
* **Post Date:** 28 APR 2026, 8:50 PM
* **Location:** PIB Delhi
* **Release ID:** 2256395
* **Visitor Counter:** 69
* **Status:** Approval granted; a detailed order from the Commission is expected to follow.
Key Entities Referenced
Competition Commission of India (CCI): The statutory regulatory body that approved the acquisition of equity share capital in Avendus Capital Private Ltd.
Mizuho Securities Co., Ltd.: The acquiring entity, a global financial services firm and subsidiary of Japan's Mizuho Financial Group.
Avendus Capital Private Limited (ACPL): The target entity, a SEBI-registered merchant banker providing financial advisory and capital market solutions.
Securities and Exchange Board of India (SEBI): The regulator under which both the acquirer's Indian subsidiary and the target company are registered as merchant bankers.
Competition Commission of India
CCI approves acquisition of certain equity share
capital of Avendus Capital Pvt Ltd. by Mizuho
Securities Co. Ltd. on a fully diluted basis
Posted On: 28 APR 2026 8:50PM by PIB Delhi
The Competition Commission of India (CCI) has approved the acquisition of certain equity share capital
of Avendus Capital Private Ltd. by Mizuho Securities Co. Ltd. on a fully diluted basis.
The proposed combination relates to the acquisition of certain equity share capital of Avendus Capital
Private Limited (ACPL) by Mizuho Securities Co., Ltd. (Mizuho Securities) on a fully diluted basis.
Mizuho Securities belongs to the Mizuho Financial Group, Japan, Mizuho Securities has worldwide
presence with 20 offices globally and broadly operates in four business segments, namely: (a) global
investment banking business; (b) global markets business; (c) research (in-depth investment information);
and (d) retail and business banking.
Mizuho Securities is present in India, inter alia, through its subsidiary, Mizuho Securities India Private
Limited (Mizuho India). Mizuho India was incorporated in 2010 and is registered with the Securities and
Exchange Board of India (SEBI) as a merchant banker.
ACPL is a SEBI-registered merchant banker. ACPL is present across four countries, i.e., India, Singapore,
the United States of America and the United Kingdom, through its subsidiaries.
In India, ACPL offers mergers and acquisitions advisory, private equity syndication services and equity
capital market solutions to clients across six sectors: (a) digital technology & consumer; (b) enterprise
technology & services; (c) financial institutions group; (d) healthcare; (e) industrial; and (f) infrastructure.
Detailed order of the Commission will follow.
***
NB/ONP
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