CCI Approves Proposed Acquisition of Stake in Neysa Networks

The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Neysa Networks Private Limited by BCP Asia II Topco V Pte. Ltd., Asia II Topco XIV Pte. Ltd., and other investors. 

Alongside Blackstone, the following entities and individuals will also acquire certain stakes in Neysa: 

• 360 ONE Private Equity Fund
• TVS Shriram Growth Fund 4 (TSGF)
• Nexus Ventures VII Holdings, LLC
• Anchorage Capital Scheme III
• Sharad Sanghi, Founder and CEO of Neysa
• 1001502130 Ontario Limited 

About the Investors 

• Blackstone Inc. is a global alternative asset manager headquartered in the United States with offices across several regions, including Europe and Asia.
• The 360 ONE Private Equity Fund is structured in India as an irrevocable, determinate, non-discretionary contributory trust under the Indian Trusts Act, 1882.
• TSGF operates as a close-ended fund under TVS Shriram Growth AIF Trust II and is registered with the Securities and Exchange Board of India (SEBI) as an Alternative Investment Fund (AIF).
• Nexus Ventures and its affiliated funds focus on investments in early to early-growth-stage companies in India and the United States.
• Anchorage Capital Scheme III is a Category II AIF registered with SEBI.
• 1001502130 Ontario Limited is a subsidiary of Ontario Teachers’ Pension Plan Board, which administers pension benefits and manages pension assets for approximately 340,000 active and retired teachers in Ontario, Canada. 

About Neysa Networks 

Neysa Networks Private Limited is an AI-focused cloud services provider. The company enables enterprises, startups, and public sector organisations to discover, deploy, and scale AI workloads securely and cost-effectively.