India, Aug. 18 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the acquisition of additional shareholding of Acko Technology & Services Private Limited by General Atlantic Singapore ACK Pte. Ltd.
The Proposed Combination envisages acquisition of additional shareholding of Acko Technology & Services Private Limited (Target) by General Atlantic Singapore ACK Pte. Ltd. (Acquirer) on a fully diluted basis, crossing the threshold of 25%, pursuant to the Target's Rights Issue.
The Acquirer is an investment holding company incorporated under the laws of Singapore. It is affiliated with a group of General Atlantic investment funds that provide capital and strategic support to growing busine...