The Competition Commission of India has approved three major deals on Wednesday: the Tata buyout of the Indian operations of Taiwan’s Wistron, the Jindal stake buy in MG Motor and the stake purchase of Religare Enterprises by Dabur.

The anti-trust body has cleared Tata Electronics’ proposed acquisition of Taiwan-based Wistron’s operations in India.

Wistron Infocomm Manufacturing (India) operates an iPhone assembly plant near Bangalore.

In October last year, the Wistron group announced the sale. Its board approved the sale of Wistron InfoComm Manufacturing (India) to the Tatas for $125 million.

The CCI has also cleared JSW Group’s proposed acquisition of up to a 38 per cent stake in MG Motor India Pvt Ltd. MG Motor India is a wholly-owned subsidiary of Shanghai-based SAIC Motor.

“The Commission approved acquisition by JSW Ventures Singapore Pte Ltd, for up to approximately 38 per cent of the share capital of MG Motor India Pvt Ltd,” the CCI release said.

JSW Ventures Singapore Pte, a newly incorporated entity, is a wholly-owned subsidiary of JSW International Tradecorp Pte and belongs to Sajjan Jindal-led JSW Group.

The Jindals hold a 35 per cent stake in MG Motor India.

The fair-trade regulator has approved the acquisition of a 31.27 per cent of additional stake in Religare Enterprises by four entities of Dabur India promoter Burman family, enabling them to become majority owners in the financial services firm.

The CCI allowed the four entities to acquire Religare’s 5.27 per cent through stock market purchase and another 26 per cent through an open offer.

As of December 2023, the Burman family’s holding in Religare Enterprises stood at 21.17 per cent, according to the exchange data.