CCI approves the acquisition of certain shareholding of Sammaan Capital Limited (SCL/Target) by Avenir Investment RSC Ltd. (Avenir/Acquirer)
India, Dec. 9 -- The Competition Commission of India has approved the acquisition of certain shareholding of Sammaan Capital Limited (SCL/Target) by Avenir Investment RSC Ltd. (Avenir/Acquirer).The 'Proposed Combination' involves the acquisition of certain shareholding in the Target by the Acquirer.The Acquirer is a special purpose vehicle incorporated for the purpose of the Proposed Combination. It belongs to the IHC group. International Holding Company PJSC (IHC) is a public shareholding company incorporated in Abu Dhabi. It manages a portfolio of domestic and foreign investments in various sectors, including but not limited to finance, healthcare, real estate, renewable energy, manufacturing and retail and leisure.The Target is registere...
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