CCI Approves Prosus Unit's Navi Ltd Shareholding Acquisition

CCI Approves Acquisition of Shareholding in Navi Ltd by MIH Payments Holdings B.V.

The Competition Commission of India (CCI) has granted approval for the acquisition of certain shareholding in Navi Limited by MIH Payments Holdings B.V. This proposed combination involves MIH Payments Holdings B.V. (the Acquirer) obtaining a shareholding position in Navi Limited (the Target).

The Acquirer is identified as an indirect wholly-owned subsidiary of Prosus N.V. The document specifies that the Acquirer itself does not undertake any business activity beyond holding investments in its portfolio companies, which have business activities in India.

The Target, Navi Limited, is described as the holding company of the Navi Group, which offers financial services accessible through a single consumer-facing mobile app. The Target provides transparent, user-friendly financial products through its subsidiaries, all accessible via mobile devices. The approval was posted by the PIB Delhi on October 31, 2026.