India, March 5 -- The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd..
Under the proposed transaction, General Atlantic Singapore BWP will acquire a stake in Balaji Wafers on a fully diluted basis from its existing shareholders.
General Atlantic Singapore BWP is an investment holding entity affiliated with the global General Atlantic investment funds, which provide capital and strategic support to businesses across sectors such as technology, healthcare, financial services, consumer, and infrastructure.
Balaji Wafers manufactures and sells packaged snack foods including salted and non-salted snacks, biscuits, ready-to-e...