Indian regulator approves investments by Abu Dhabi fund in GMR Infra and MUFG in Shiprocket.

The Competition Commission of India has approved a transaction where a trust linked to Abu Dhabi Investment Authority invests in GMR Infra Enterprises. This involves the trust subscribing to convertible debentures, allowing GMR Infra to acquire a 9% stake in GMR Airports. The deal is part of a larger $6.3 billion funding from ADIA to refinance GMR's debts. Additionally, the CCI approved investments in logistics firm Shiprocket by MUFG Bank and KDT Venture Holdings.