The Competition Commission of India (CCI) has granted approval for the proposed combination involving the acquisition of certain shareholding in Nippon Life India AIF Management Limited by DWS Group GmbH & Co. KGaA. The transaction involves DWS Group, a global asset manager that offers comprehensive investment solutions and portfolios across various investment disciplines to individuals, institutions, and large corporations worldwide, acquiring shares in Nippon Life India AIF Management Limited. The target company is engaged in alternative asset management and acts as an investment manager and/or sponsor to SEBI-registered Alternative Investment Funds (AIFs), additionally being registered with SEBI as a co-investment portfolio manager. The Commission noted that its detailed order regarding this approval will follow in due course.