The Competition Commission of India has given the go-ahead for a group of investment funds and individuals to acquire a controlling stake in Great White Global Private Limited, a manufacturer of electrical goods and personal care items. The approval also covers related transactions involving another company called ITVIS Innovations Private Limited. The decision was announced on 17 September 2026.
What the deal involves
Three investment funds managed by EAAA India Alternatives Limited, along with Mr. Mehul Jadavji Shah, Ms. Julie Mehul Shah and the Mehul Shah family trust, will together acquire 50 per cent of Great White Global Private Limited’s equity shares. The transaction will be completed through a special acquisition company that will later merge with Great White.
Separately, Mr. Mehul Shah will gain sole control of ITVIS Innovations Private Limited, a company that designs and supplies intelligent lighting solutions, lighting automation systems and energy-efficient lighting technologies.
The three acquiring investment funds are registered with the Securities and Exchange Board of India as alternative investment funds. EAAA India Alternatives, their investment manager, is owned by subsidiaries of Edelweiss Financial Services Limited.
What this means for you
These regulatory approvals allow the transaction to proceed without competition law obstacles. Great White will continue its operations in electrical goods and personal care products under new ownership. ITVIS will also operate under unified control. The CCI’s approval signals that the watchdog does not see concerns about market competition from these ownership changes. A detailed order explaining the Commission’s reasoning will be released separately.