**Summary of CCI Approval: GIP EM Star Ltd. and Aditya Birla Renewables Limited**
**Overview**
On March 25, 2026, the Competition Commission of India (CCI) approved the subscription of certain equity share capital of Aditya Birla Renewables Limited (ABReN/Target) by GIP EM Star Pte. Ltd. (Acquirer).
**Entity Profiles**
* **The Acquirer (GIP EM Star Pte. Ltd.):** A Singapore-incorporated entity. It is owned by funds managed by GIM EM Manager LLC, which is a wholly owned subsidiary of Global Infrastructure Management, LLC (GIM). GIM is an indirect majority-owned subsidiary of BlackRock, Inc.
* **BlackRock, Inc.:** A U.S.-based, publicly traded global firm providing investment management, risk management, and advisory services to institutional and retail clients worldwide.
* **The Target (Aditya Birla Renewables Limited):** Headquartered in Mumbai, India, ABReN and its subsidiaries operate in the renewable energy sector, focusing on power generation through solar and wind resources.
**Key Data and Identifiers**
* **Approval Date:** March 25, 2026
* **Release ID:** 2245397
* **Source:** PIB Delhi
* **Visitor Counter:** 77
* **Status:** A detailed order from the Commission is expected to follow this announcement.
Key Entities Referenced
Competition Commission of India (CCI): The primary regulatory body that approved the subscription of equity share capital in the target company.
Aditya Birla Renewables Limited (ABReN): The target Indian entity involved in renewable power generation whose equity is being acquired.
GIP EM Star Pte. Ltd.: The Singapore-incorporated acquiring entity subscribing to the equity share capital of Aditya Birla Renewables.
BlackRock, Inc.: The global investment management firm that serves as the ultimate parent/majority owner of the acquirer.
Competition Commission of India
CCI approves subscription of certain equity
share capital of Aditya Birla Renewables
(ABReN/Target) by GIP EM Star Ltd.
Posted On: 25 MAR 2026 8:32PM by PIB Delhi
The Competition Commission of India (CCI) has approved the subscription of certain equity share capital
of Aditya Birla Renewables Limited (ABReN/ Target) by GIP EM Star Pte. Ltd. (Acquirer).
The Acquirer is incorporated in Singapore and is owned by certain funds managed by GIM EM Manager
LLC. GIM EM Manager LLC is wholly owned by Global Infrastructure Management, LLC (GIM). GIM
is an indirectly majority-owned subsidiary of BlackRock, Inc. (BlackRock).
BlackRock is a U.S. publicly traded company active in the provision of global investment management,
risk management, and advisory services to institutional and retail clients around the world. BlackRock
manages assets on behalf of institutional and individual investors worldwide.
Target is headquartered in Mumbai, India. Target, along with its subsidiaries, is engaged, inter alia, in the
business of power generation through renewable energy resources, including solar and wind power.
Detailed order of the Commission will follow.
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NB/ONP
(Release ID: 2245397) Visitor Counter : 77
Read this release in: Urdu