Date: 2026-05-20Category: Press ReleaseState: Union GovernmentCountry: India
CCI approves the acquisition of certain shareholding in Neysa Networks Pvt Ltd by BCP Asia II Topco V Pte. Ltd., Asia II Topco XIV Pte. Ltd., and other investors
**Executive Summary**
On May 20, 2026, the Competition Commission of India (CCI) announced the approval of an acquisition involving Neysa Networks Private Limited. The transaction entails Blackstone Inc. acquiring a controlling stake, alongside minority investments from several private equity funds and the company’s founder. A detailed order from the Commission regarding this approval is expected to follow.
**Key Points / Main Content**
**Transaction Details**
* The "Proposed Combination" involves the acquisition of shareholding in Neysa Networks Private Limited (Neysa) by several parties.
* Lead Investors: Blackstone Inc., through its affiliates BCP Asia II Topco V Pte. Ltd. and Asia II Topco XIV Pte. Ltd., will acquire a controlling stake in Neysa.
* Co-Investors: Several other entities are acquiring stakes, including 360 ONE Private Equity Fund, TVS Shriram Growth Fund 4 (TSGF), Nexus Ventures VII Holdings, LLC, Anchorage Capital Scheme III, 1001502130 Ontario Limited, and Mr. Sharad Sanghi.
**Target Company Profile**
* Neysa is an AI-focused cloud services provider.
* The company assists startups, enterprises, and public sector organizations in discovering, deploying, and scaling AI workloads securely.
**Investor Profiles**
* **Blackstone Inc.:** A US-headquartered global alternative asset manager with operations in Asia and Europe.
* **Institutional Funds:** Includes various Indian and international funds such as 360 ONE (an Indian trust), TSGF and Anchorage (SEBI-registered AIFs), and Nexus (focused on early-growth stage companies).
* **Ontario Limited:** A subsidiary of the Ontario Teachers’ Pension Plan Board, managing assets for approximately 340,000 teachers.
* **Individual Investor:** Mr. Sharad Sanghi, the existing CEO and founder of Neysa.
**Impact Analysis**
**Blackstone Inc. (Lead Investors)**
**Impact**
Acquires a controlling interest in an AI-focused cloud services provider, expanding its portfolio in the technology and AI infrastructure sector.
**Action Required**
Proceed with the acquisition of the controlling stake as approved by the CCI.
**Neysa Networks Private Limited**
**Impact**
The company will transition to a new ownership structure led by Blackstone, supported by multiple institutional and individual investors.
**Action Required**
Coordinate with investors to finalize the change in shareholding and scale AI cloud service operations.
**Co-Investors (360 ONE, TSGF, Nexus, Anchorage, Ontario Ltd, Sharad Sanghi)**
**Impact**
These entities will acquire specific minority stakes in Neysa, aligning with their various investment focuses (e.g., early-growth stage or pension fund asset management).
**Action Required**
Execute the acquisition of the proposed stakes in accordance with the CCI's approval.
**Competition Commission of India (CCI)**
**Impact**
Acts as the regulatory authority ensuring the combination complies with competition standards.
**Action Required**
Release the detailed order following the summary announcement.
Key Entities Referenced
Competition Commission of India (CCI): The regulatory body that reviewed and approved the acquisition of shareholding in Neysa Networks Private Limited.
Neysa Networks Private Limited: The target company of the acquisition, described as an AI-focused cloud services provider.
Blackstone Inc.: The lead investor and global alternative asset manager acquiring a controlling stake in Neysa through its affiliates.
Competition Commission of India
CCI approves the acquisition of certain
shareholding in Neysa Networks Pvt Ltd by BCP
Asia II Topco V Pte. Ltd., Asia II Topco XIV Pte.
Ltd., and other investors
Posted On: 20 MAY 2026 7:42PM by PIB Delhi
The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Neysa
Networks Private Limited by BCP Asia II Topco V Pte. Ltd., Asia II Topco XIV Pte. Ltd., and other
investors.
The proposed combination entails the following:
a. Blackstone Inc., acting through its affiliates BCP Asia II Topco V Pte. Ltd. and Asia II Topco XIV
Pte. Ltd (collectively, Blackstone or the Lead Investors), is proposing to acquire a controlling
stake in Neysa Networks Private Limited (Neysa) and
b. Alongside Blackstone, the following investors will also be acquiring certain stake(s) in Neysa:
i. 360 ONE Private Equity Fund,
ii. TVS Shriram Growth Fund 4 (TSGF),
iii. Nexus Ventures VII Holdings, LLC (Nexus);
iv. Anchorage Capital Scheme III.
v. Mr. Sharad Sanghi, Founder & CEO of Neysa; and
vi. 1001502130 Ontario Limited (Co-Investor).
[(a) and (b) are collectively referred to as Proposed Combination]
Blackstone Inc., is a global alternative asset manager, headquartered in the United States and has offices in
a number of geographies, including Europe and Asia.
The 360 Fund is formed in India as an irrevocable, determinate, nondiscretionary, contributory trust set up
under the Indian Trusts Act, 1882 and registered in India under the provisions of the Registration Act, 1908.
TSGF is a close ended fund organized as a scheme under TVS Shriram Growth AIF Trust II registered with
the SEBI as an AIF, under the AIF Regulations.
Nexus and affiliated funds have a principal focus of investing in “early to early growth stage” companies in
India and in the United States of America.
Anchorage Scheme III is a scheme by Anchorage Capital Fund, a Category II AIF registered with the SEBI
under the AIF Regulations.
Mr. Sharad Sanghi is the founder, CEO and existing shareholder of Neysa.
The Co-Investor is a subsidiary of Ontario Teachers’ Pension Plan Board, and is concerned with the
administration of pension benefits and investment of pension plan assets of ~340,000 active and retired
teachers in the Canadian province of Ontario.Neysa is an AI focused cloud services provider that enables enterprises, startups, and public sector
organisations to discover, deploy, and scale AI workloads securely and cost-effectively.
Detailed order of the Commission will follow.
*****
NB/ONP
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