New Delhi [India], Competition Commission of India (CCI) has given its consent for subscription of Compulsory Convertible Debentures (CCDs) of Nepino Auto & Electronics Limited (Nepino) by International Finance Corporation (IFC). Commission Neppino operates in the automotive electronics and components sector in India, specializing in the manufacturing of electrical and electronic products for 2-wheelers, as well as a small segment for 3-wheelers and 4-wheelers including convertibles. Debentures (CCDs) are financial. Companies issue instruments at a fixed interest rate and which can be converted into equity shares at a specific time, CCDs are considered a hybrid security because they are neither purely a bond nor a stock, But they are usually structured like debt is considered equity. Additionally, Nepino is involved in supporting businesses related to the Internet of Things (IoT), smart data devices, hardware designing, digital solutions, and more. The company, through its associates, also provides electronic manufacturing services (EMS)/original design manufacturing (ODM) services, data collection tools, data center network infrastructure and partner implementation/managed services. Established in 1956, IFC is an international organization dedicated toPromoting private sector development and promoting economic growth in developing countries As a member of the World Bank Group, IFC facilitates sustainable development, financing private sector investments, mobilizing capital in global finance markets , and provides advisory services to businesses and governments. Approval from CCI The membership of IFC for Nepino's CCD highlights the growing collaboration and investment opportunities in India's automotive electronics sector. The move will further drive innovation and growth in the industry.