The Competition Commission of India (CCI) has granted approval to Renault Group for the acquisition of the remaining 51% stake in its Indian manufacturing joint venture, Renault Nissan Automotive India Pvt Ltd (RNAIPL), from Japanese partner Nissan Motor Company. As part of the transaction, Renault Group BV and its nominee Renault SAS will take full ownership of RNAIPL by acquiring Nissan’s equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares. The divestment includes shares held by both Nissan Motor Co Ltd and Nissan Overseas Investments BV
Renault Group BV is involved in the global design and production of passenger vehicles and light commercial vehicles, while Renault SAS focuses on the development and manufacturing of automotive parts and systems. The Chennai-based RNAIPL plant will continue to produce vehicles under both the Renault and Nissan brands.
Although the financial terms of the deal have not been disclosed, Renault confirmed in March that it plans to become the sole owner of RNAIPL by purchasing Nissan’s 51% interest. Despite the ownership change, Nissan will continue to use RNAIPL to supply vehicles for both the domestic market and export operations.
Additionally, the companies will maintain their collaboration through Renault Nissan Technology & Business Center India (RNTBCI), where Renault will hold 51% and Nissan will retain a 49% stake. In a separate decision, CCI also approved a proposed transaction involving Anantam Highways Trust, Alpha Alternatives Fund Advisors LLP, Dilip Buildcon Ltd (DBL), and DBL Infraventures (DIPL)—a deal falling under the regulator’s oversight due to its scale. Anantam Highways is a SEBI-registered infrastructure investment trust, while DBL and DIPL are engaged in road and highway construction.
