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CCI Approves Major Acquisitions by Triumph Composites, PNC Infratech, and JSW Paints.

Banking & Finance | Dated: 19 Sep 2025

On September 16, 2025, the Competition Commission of India (CCI), under the Ministry of Corporate Affairs (MCA), approved multiple high-value acquisitions, signaling significant consolidation in India’s industrial, infrastructure, and paints sectors.

🎯 Key Highlights:

  • - CCI approved Triumph Composites Private Limited and Quartz Fibre Private Limited acquiring 100% shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. in Owens-Corning (India) Limited, covering its glass reinforcement business, enabling full operational control and potential market expansion.
  • - PNC Infratech Limited’s acquisition of 95–100% stake in JAL, directly or via a Special Purpose Vehicle (SPV), strengthens its infrastructure sector footprint and supports long-term strategic growth.
  • - JSW Paints Private Limited approved for acquiring up to 75% stake in ANIL via Share Purchase Agreement (SPA) and mandatory open offer; the deal, announced in June 2025 for Rs. 8,986 crore, boosts JSW’s presence in the Indian paints and coatings market.

💡 Other Important Facts:

  • (i) These acquisitions promote sectoral consolidation in infrastructure, industrial composites, and paints, improve operational efficiency, expand market share, and integrate advanced technological capabilities.
  • (ii) CCI, under MCA, ensures fair competition in India. Approving these acquisitions facilitates corporate restructuring, supports foreign and domestic investment, and strengthens India’s economic growth trajectory.

📚 Test Your Knowledge:

Recently, Triumph Composites and Quartz Fibre acquired 100% shareholding of which company in India?

Correct Answer: Owens-Corning (India) Limited

🚀 Quick Recap: