India, July 29 -- The Competition Commission of India has approved the proposed acquisition of certain shareholding of Renault Nissan Automotive India Private Limited by Renault Group B.V. and Renault S.A.S.The proposed combination involves the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd. Japan (Nissan) and Nissan Overseas Investments B.V. (Nissan Overseas) (collectively, "Sellers") in the Renault Nissan Automotive India Private Limited (Target) by Renault Group B.V. (Acquirer 1) and its nominee, Renault S.A.S (Acquirer 2) (Proposed Combination).Acquirer 1 designs, manufactures, and markets passenger cars, light commercial vehicles and electric vehi...