India, March 25 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the proposed acquisition of additional shareholding of Valuedrive Technologies Private Limited by Setu AIF Trust, Konark Trust, and MMPL Trust.
The proposed combination entails the acquisition of certain additional shareholding (on a fully diluted basis) of Valuedrive Technologies Private Limited (Target) by Setu AIF Trust, Konark Trust, and MMPL Trust (Acquirers).
Setu AIF Trust is a Category II alternative investment fund registered with the Securities and Exchange Board of India. Further, Konark Trust and MMPL Trust are both private trusts, acting through their respective trustees, that co-invest along with Setu AIF ...