CCI APPROVES ACQUISITION OF SHAREHOLDING BY MULTIPLES PRIVATE EQUITY FUND IV, MULTIPLES PRIVATE EQUITY GIFT FUND IV, SAMVIBHAG SECURITIES PRIVATE LIMITED, MITHUN PADAM SACHETI AND SIDDHARTHA SACHETI IN V.I.P. INDUSTRIES LIMITED

India, Aug. 27 -- The Government of India issued the following news release:

The Competition Commission of India has approved the acquisition of shareholding by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Private Limited, Mr. Mithun Padam Sacheti and Mr. Siddhartha Sacheti in V.I.P. Industries Limited.

The proposed combination relates to the acquisition of certain shareholding by Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities Private Limited (Samvibhag), Mr. Mithun Padam Sacheti (Mr. Mithun) and Mr. Siddhartha Sacheti (Mr. Siddhartha) in V.I.P. Industries Limited (Target).

MPEF is a Category II Alternative Investment Fund (AIF) ...