New Delhi: The Competition Commission of India (CCI) on Tuesday approved the acquisition of a stake in Nash Industries (I) Pvt. Ltd. by a ChrysCapital-led investor group, providing regulatory clearance to a deal that brings private equity capital into a fast-growing engineering and manufacturing platform.
The proposed transaction involves ChrysCapital Fund X, along with Two Infinity Partners and Blue Wave Investments Ltd, collectively acquiring certain equity share capital in Nash Industries. The acquirers are private equity investors belonging to the ChrysCapital Group, which has exposure across multiple sectors.
Nash Industries is engaged in box-build solutions and metal stamping, offering end-to-end capabilities spanning design, manufacturing, assembly and supply of metal, electrical and electronic components and sub-assemblies. The company serves a diverse client base across automotive, banking hardware, electrical and power protection, data centres, defence and aerospace, alternate energy, IT and AI-related hardware, healthcare products and gaming industries.
The CCI said the proposed combination did not raise competition concerns, granting approval under the Competition Act. A detailed order of the Commission will be issued separately.