# CCI approves MIH Payments Holdings BV's purchase of stake in Navi Ltd

URL: https://kasba.co.in/en/story/cci-approves-mih-payments-holdings-bv-s-purchase-of-stake-in
Language: en · Section: Money · Published: 2026-10-31
Source: PIB, "सीसीआई ने एमआईएच पेमेंट्स होल्डिंग्स बी.वी. द्वारा नवी लिमिटेड में कुछ शेयरधारिता के अधिग्रहण को मंजूरी दी", 2026-10-31, https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2330902

The Competition Commission of India (CCI) on 31 October 2026 approved a proposal by MIH Payments Holdings BV to acquire some shareholding in Navi Ltd. This is a company-to-company share deal and does not directly affect ordinary consumers.

## What this means for you

This decision is about a share transaction between companies, so ordinary readers do not need to do anything. The notice does not announce any new condition or change for customers who use financial products through the Navi app.

## Key facts

- Approving body: Competition Commission of India (CCI)
- Date of the release: 31 October 2026
- Acquirer: MIH Payments Holdings BV
- Target company: Navi Ltd
- The acquirer is an indirect wholly owned subsidiary of Prosus NV
- Navi is the holding company of the Navi group, offering financial services through a mobile app

## What has happened

The Competition Commission of India (CCI) has approved a proposed deal. Under it, a company called MIH Payments Holdings BV will acquire some shareholding in Navi Ltd. The release was issued on 31 October 2026.

The release describes this as a "proposed combination", meaning a share-related deal between two companies. The CCI's approval means the commission has given its clearance to the deal.

## Who is buying and where

According to the release, the acquirer is MIH Payments Holdings BV. It is an indirect wholly owned subsidiary of Prosus NV. The release says this company does not carry on any business itself apart from investing in its portfolio companies, and those companies have business activities in India.

The other side is Navi Ltd, described in the release as the target. It is the holding company of the Navi group. According to the release, it offers accessible financial services through a single consumer-facing mobile app and, through its subsidiaries, provides transparent and user-friendly financial products available on all mobile devices.

## Who benefits

The approval relates directly to a share deal between companies. The release does not state anything that gives ordinary consumers, employees or farmers a direct benefit or loss.

For customers who use financial services through the Navi app, the release also states no new condition, rate or change.

## What ordinary readers should do

Ordinary readers do not need to do anything in this matter. It concerns shareholding between companies, and the release gives no application, form or deadline.

## Where to get more information

The details of this deal are given in the release issued by the Competition Commission of India. No further information beyond what the release states is available at this time.

## Questions and answers

**Which deal has the CCI approved?**
The CCI has approved MIH Payments Holdings BV's acquisition of some shareholding in Navi Ltd. The approval is stated in the release dated 31 October 2026.

**Will this affect ordinary people?**
According to the release, this is approval for a share deal between companies and it states no new condition for ordinary people. Customers therefore do not need to do anything.

**What is Navi Ltd?**
According to the release, Navi Ltd is the holding company of the Navi group. It offers accessible financial services through a single consumer-facing mobile app and provides financial products through its subsidiaries.

**Who is MIH Payments Holdings BV?**
It is an indirect wholly owned subsidiary of Prosus NV. The release says it does not carry on any business itself apart from investing in its portfolio companies, which have business activities in India.

**What is the CCI?**
The CCI, or Competition Commission of India, is a government body that looks at matters related to competition in the market. This release was issued by the CCI.

Kasba Desk, Kasba. This routine notice was drafted with AI from an official source and published automatically; an editor reviews it after publishing.