BlackRock Seeks CCI Clearance for Investment in Aditya Birla Renewables

Global asset investment manager BlackRock Inc has sought approval from Competition Commission of India (CCI) to acquire a stake in Aditya Birla Renewables Ltd. (ABREL), according to an official filing.

The proposed investment will be executed through GIP EM Star Pte Ltd, an entity associated with Gl obal Infrastructure Partners (GIP), which is majority-owned by BlackRock. The filing notes that the transaction involves the acquisition of a portion of the equity share capital of Aditya Birla Renewables, without disclosing the size of the stake.

Mumbai-headquartered ABREL operates across solar, wind, wind-solar hybrid, floating solar and battery energy storage segments. The company owns a renewable energy portfolio of 4.3 GW spread across 10 states and is a subsidiary of Grasim Industries Ltd, part of the Aditya Birla Group.

In December 2025, BlackRock’s GIP had announced an agreement to acquire a minority stake in the renewables platform, with a committed investment of approximately INR 30 billion (USD 333.6 million).

GIP EM Star, headquartered in Singapore, is owned by funds managed by GIM EM Manager LLC, a unit of Global Infrastructure Management LLC, which functions as an indirect majority-owned subsidiary of BlackRock.

The transaction remains subject to regulatory approval from the CCI.