India, Sept. 23 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved acquisition of certain additional equity share capital of IIFL Capital Services Limited (Target) by FIH Mauritius Investments Ltd. (Acquirer).
The Proposed Combination envisages the acquisition by the Acquirer of certain issued and paid-up equity share capital of Target on a fully diluted basis. This will be undertaken in the following manner:
The Acquirer is a private company limited by shares incorporated in Mauritius. It is an investment holding company which is focused on long-term capital appreciation while preserving capital through investments in equity securities and debt instruments of Indian businesses and bus...