India, Sept. 1 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd. and related transactions.
The Proposed Combination includes: (a) acquisition of 100% share capital of Aseem Infrastructure Finance Limited (Aseem) by TPG Nicobar SG Pte. Ltd. (Nicobar) (Nicobar Acquisition of Aseem) and the subsequent acquisition of 5% share capital of Aseem by ICICI Bank Limited (ICICI) from Nicobar (ICICI Acquisition) (collectively referred to as "Aseem Acquisition"). The Nicobar Acquisition of Aseem will be funded by TPG Rise Climate GSI SF Pte. Ltd. (TPG Rise) and Clydo Investments Pte. Ltd. (Clydo); (b) sale of Aseem's en...