CCI has approved the proposed combination relating to minority investment by India Business Excellence Fund-IV in SK Finance Limited.
Goverment Scheme
Fair trade regulator Competition Commission of India (CCI) approved the acquisition of Motilal Oswal Alternatives' stake in SK Finance Ltd. SK Finance is a Reserve Bank of India-registered non-banking financial company (NBFC), engaged in the business of providing financing for vehicles (new and used) and loans. The deal pertains to minority investment by India Business Excellence Fund-IV in SK Finance Limited. India Business Excellence Fund-IV is a SEBI-registered Alternative Investment Fund (AIF). The latter invests primarily in equities and equity-linked instruments and is an associate/funder of Motilal Oswal Alternatives. Deals above a certain limit require CCI approval, which is mandated to keep an eye on unfair trade practices. Also, it promotes fair competition in the market.
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