India's CCI clears five major deals across food, energy, fintech and telecom
India's competition regulator approved five deals, including a 16.2% Vodafone Group stake purchase and the Sapphire-Devyani restaurant merger. Closings remain pending.
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what happened
India's Competition Commission (CCI) has approved five major transactions spanning food services, renewable energy, power infrastructure, financial services and telecoms. Moody's reported the decisions, citing official regulator releases issued on Saturday.
The approvals include the merger of Sapphire Foods India with Devyani International, the operators of KFC and Pizza Hut outlets in the country. Aditya Birla Renewables will take 100% of Solenergi Power from Shell Overseas Investment BV, while Adani Energy Solutions will buy IntelliSmart Infrastructure for Rs 3,050 crore. Prosus, through MIH Payments Holdings, gains a stake in Navi, and France's Vega SAS will acquire a 16.2% stake in Vodafone Group.
why it matters
The clearances are regulatory milestones rather than completions, since the deals still depend on closing conditions. The news is mostly local, but it signals that India's antitrust review is not blocking consolidation in food, renewables, metering and fintech.
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- CCI clears five major deals across food, energy, fintech and telecom sectors — Moody's, 31 October 2026 at 15:18 UTC
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