CCI approves acquisition of certain shareholding in Nxtra Data Ltd by Alpha Wave Ventures II, LP

📌 Summary:

• The Competition Commission of India (CCI) approved the acquisition of certain shareholding in Nxtra Data Ltd (Target) by Alpha Wave Ventures II, LP (Acquirer)
• The combination is by way of primary subscription of equity shares of the Target
• Acquirer is a private equity fund managed by Alpha Wave Ventures GP, a JV between Alpha Wave Global and Lunate Holding RSC Ltd
• Target provides data centre colocation services in India; CCI's detailed order will follow

🎯 UPSC Relevance: GS2 Polity — role of statutory regulators (CCI) in approving combinations; GS3 digital economy (data-centre sector).

📝 Prelims Facts:

• CCI is a statutory body established under the Competition Act, 2002
• CCI regulates "combinations" (mergers/acquisitions above prescribed thresholds)
• Nxtra Data provides data centre colocation services

🔑 Key Term: Combination — under the Competition Act, 2002, an M&A or amalgamation exceeding asset/turnover thresholds that requires prior CCI approval.