upGrad has filed with India’s Competition Commission for approval to acquire Unacademy, sealing an all-stock deal after months of speculation. The merger, expected to be valued around ₹2,055 crore, marks a steep drop from Unacademy’s 2021 peak valuation and is aimed at letting upGrad enter online test preparation. Unacademy is also expected to bring ₹900–₹950 crore in cash at closing. The talks, once paused over valuation mismatch, resumed after a term sheet signed in March.
Adani Power has received Competition Commission of India approval to fully acquire GVK Energy through its subsidiary Alaknanda Hydro Power Ltd. The deal, cleared on May 12 under the Insolvency and Bankruptcy Code, brings a 330 MW Srinagar hydropower project in Uttarakhand. The acquisition boosts renewables and expands Adani’s geographic footprint as its capacity targets rise.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
India’s competition watchdog has begun an antitrust probe into French liquor giant Pernod Ricard after complaints alleging exclusive arrangements with New Delhi retailers. The Competition Commission of India found merit in claims that financial support was offered to retailers in return for stocking Pernod brands. Officials warn this could distort demand patterns and restrict consumer choice.
Upskilling platform UpGrad is set to acquire Unacademy in an all stock deal valued at around ₹2,055 crore, well below Unacademys peak valuation. Unacademy is expected to add substantial cash reserves to the transaction, which is pending approval from the Competition Commission of India. The move signals growing consolidation in Indias edtech market during a post pandemic slump.
The government has set a new M&A approval trigger: companies must seek Competition Commission of India clearance for deals over Rs 2,000 crore when the target has substantial operations in India. The change is designed to strengthen oversight of mergers and acquisitions, with particular focus on fast-growing digital markets to support fairer competition practices.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
