CCI Clears Vega SAS Buy of 16.2% in Vodafone Group

The Competition Commission of India (CCI) cleared three more combinations on 31 October 2026, spanning telecom, digital lending and the quick service restaurant trade.

A French buyer in Vodafone Group

The Commission approved the purchase of 16.2% of the issued share capital of Vodafone Group PLC by Vega SAS. The buyer is a holding company and is wholly owned by Maya SAS, a simplified joint-stock company set up under the laws of France. Its field is telecommunications, the internet, information technology and electronic communications networks, including running such networks. Vega SAS carries on no business in India itself; that is done by its relevant affiliates. Vodafone Group is a telecom company of Europe and Africa supplying fixed and mobile services. Most of its earnings come from core connectivity, and its basket also holds digital services, Internet of Things services and financial services. In India the group is present through Vodafone Idea Limited.

Prosus arm to pick up a stake in Navi

A second order allows MIH Payments Holdings B.V. to acquire shareholding in Navi Limited. The buyer is an indirect and wholly owned subsidiary of Prosus N.V. and does nothing beyond holding investments in companies that work in India. Navi Limited is the holding company of the Navi Group, which sells financial products through its subsidiaries on a single mobile app meant for customers.

Sapphire Foods to merge into Devyani

The third approval covers the merger of Sapphire Foods India Limited with and into Devyani International Limited, together with some related transactions. Both companies run KFC and Pizza Hut outlets in India as franchisees. Devyani is in addition the exclusive franchisee for Costa Coffee, New York Fries and Sanook Kitchen in the country and runs brands of its own as well.

What a student should take away

These orders show the range of the competition regulator's work in a single day: a minority stake in a foreign telecom parent, a payments and investment arm buying into an Indian lender, and two restaurant chains becoming one. Each needed the Commission's nod before it could be closed.