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BlackRock Moves CCI for Approval to Invest in Aditya Birla Renewables Platform

Global investment major BlackRock Inc. has approached the Competition Commission of India (CCI) seeking regulatory approval for a proposed investment in Aditya Birla Renewables Ltd. (ABREL), according to a recent regulatory filing.

The investment is proposed to be routed through GIP EM Star Pte Ltd, an entity linked to Global Infrastructure Partners (GIP), which is now majority-owned by BlackRock. While the filing confirms that the transaction involves the acquisition of a minority equity stake in ABREL, the exact shareholding percentage has not been disclosed.

Headquartered in Mumbai, Aditya Birla Renewables operates a diversified clean energy portfolio spanning solar, wind, wind-solar hybrid, floating solar, and battery energy storage projects. The company has an installed and under-development capacity of 4.3 GW across 10 Indian states and functions as a subsidiary of Grasim Industries Ltd., a flagship company of the Aditya Birla Group.

In December 2025, GIP had announced a definitive agreement to invest in the Aditya Birla Group’s renewable energy platform, committing approximately Rs30 billion (around $333.6 million) as part of the minority investment.

GIP EM Star, which is based in Singapore, is owned by funds managed by GIM EM Manager LLC, a unit of Global Infrastructure Management LLC. This entity operates as an indirect majority-owned subsidiary of BlackRock following its acquisition of GIP.

The proposed transaction is subject to clearance from the Competition Commission of India, after which the investment can be formally completed.