ChrysCapital Bags CCI Nod for Nash Industries Stake Acquisition

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Overview

India's competition watchdog, CCI, has approved ChrysCapital's acquisition of a stake in Nash Industries. The deal greenlights investment from the homegrown PE firm into the diversified electronics manufacturer, bolstering Nash's capabilities across sectors like defense, aerospace, and healthcare.

The Competition Commission of India (CCI) has given its approval for ChrysCapital's proposed acquisition of equity share capital in Nash Industries (I) Pvt Ltd. This regulatory green light signifies a key step in the transaction, allowing the homegrown private equity firm to invest in the diversified electronics manufacturing platform.

Regulatory Green Light

The CCI confirmed the clearance on Tuesday, stating that the proposed combination involving ChrysCapital Fund X, Two Infinity Partners, and Blue Wave Investments Limited—collectively the Acquirers—and Nash Industries (Target) has been approved. Transactions exceeding certain asset or turnover thresholds require such prior approval from the CCI to prevent anti-competitive practices.

Nash Industries' Diversified Platform

Nash Industries, based in Bengaluru, operates in the box build solutions and metal stamping segments. The company designs, manufactures, and supplies electronic components to a broad spectrum of industries. These include critical sectors such as electrical and power protection, data centers, defense and aerospace, IT and AI-related hardware, healthcare products, and gaming. Its diverse operational scope positions it as a key player in India's manufacturing ecosystem.

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