The Competition Commission of India (CCI) has granted its approval for the acquisition of a certain shareholding in Nxtra Data Limited by Alpha Wave Ventures II, LP. The proposed combination involves the acquirer subscribing to equity shares of the target company through a primary issuance. Alpha Wave Ventures II, LP is identified as a private equity fund, which is managed by Alpha Wave Ventures GP—a joint venture entity between Alpha Wave Global and Lunate Holding RSC Ltd. The target company, Nxtra Data Limited, operates in the Indian market, providing data center colocation services. The approval was officially posted by the PIB on June 23, 2026, with the Commission noting that a detailed order would be published subsequently.