<h1>IBM Restructures: CCI Approves Spin-Off of Managed Infrastructure Services into Kyndryl Holdings and Grand Ocean Entities.</h1> The Competition Commission of India has granted deemed approval under the Green Channel for the internal restructuring of IBM Corporation. This involves the spin-off of IBM's global Managed Infrastructure Services (MIS) Business into a new public company as part of an international corporate reorganization. The restructuring will separate the MIS Business into newly formed entities, Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Private Limited. These entities, currently not engaged in any business, will operate the MIS Business post-restructuring. The MIS Business includes various services from IBM's Global Technology Services segment, excluding the Public Cloud Platform offering.