The Competition Commission of India (CCI) has approved the following on 30th January 2024.

Economy Business

The Competition Commission of India (CCI) has approved proposed subscription of CCPS B in API Holdings Ltd by CDPQ Private Equity Asia Pte Ltd. CDPQ Private Equity Asia Pte Ltd (Acquirer) is a direct wholly owned subsidiary of CDPQ and is located in Singapore. CDPQ is a Canadian institutional fund, which acts as a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans in Canada. The Acquirer, CDPQ and their affiliates are collectively referred to as the ‘Acquirer Group’. The Competition Commission of India (CCI) has approved the proposed acquisition of additional shares of API Holdings Limited by Naspers Ventures B.V. The Naspers Ventures B.V. (Acquirer), is an indirect, wholly-owned subsidiary of Prosus N.V. (Prosus), which is in-turn, a direct subsidiary of Naspers Ltd. (Naspers). The Acquirer is an investment holding company and its principal activity is to make investments by providing direct and indirect equity and debt funding. The Competition Commission of India (CCI) has approved the subscription of compulsorily convertible preference shares of API Holdings Limited by MacRitchie Investments Pte Ltd. and EvolutionX Debt Capital Master Fund 1 Pte Ltd.


      The Competition Commission of India (CCI) has approved subscription of compulsorily convertible preference shares of API Holdings Limited by Goldman Sachs India AIF Scheme-1 and Goldman Sachs India Alternative Investment Trust AIF Scheme-2

      The proposed transaction entails the subscription of compulsorily convertible preference shares of the API Holdings Limited (Target) by Goldman Sachs India AIF Scheme-1 (Acquirer 1) and Goldman Sachs India Alternative Investment Trust AIF Scheme-2 (Acquirer 2) (Proposed Combination).

     

 

     


Competition Commission of India

Founded- 14 October 2003
Chairperson- Ravneet Kaur IAS
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