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Lightrock Group Seeks CCI Approval for Stake in Mahindra Last Mile Mobility
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Moneycontrol•02-10-2026, 20:26
Lightrock Group Seeks CCI Approval for Stake in Mahindra Last Mile Mobility
- •Global investment platform Lightrock Group has sought clearance from the Competition Commission of India (CCI) to acquire a stake in Mahindra Last Mile Mobility Ltd (MLMML).
- •Lightrock Cayman Holdings, an affiliate of the London-based Lightrock Group, will acquire the equity shareholding in MLMML.
- •The proposed acquisition falls under Section 5(a)(i)(A) of the Competition Act, 2002, and is not expected to raise competition concerns.
- •MLMML manufactures, sells, distributes, and provides after-sales services for three-wheeler and four-wheeler commercial vehicles, with the transaction enabling business expansion.
- •Mahindra Last Mile Mobility Ltd recently achieved a valuation of Rs 10,822 crore, making it a unicorn, and recorded 85% year-on-year volume growth in Q1 FY27 for electric 3W sales.
Key Questions Answered
Lightrock Group, via its affiliate Lightrock Cayman Holdings, has sought clearance from the Competition Commission of India (CCI) to acquire a stake in Mahindra Last Mile Mobility Ltd.
Mahindra Last Mile Mobility attained unicorn status with a valuation of Rs 10,822 crore following a funding round led by Lightrock.
Mahindra & Mahindra executed a binding agreement in July to raise around Rs 322 crore into Mahindra Last Mile Mobility.
