The Competition Commission of India (CCI) has approved acquisition by CPPIB India Private Holdings Inc. of certain shareholding in Ctrl S Datacenters Limited.

The proposed combination contemplates acquisition by CPPIB India Private Holdings Inc. (CIPH) of certain shareholding in Ctrl S Datacenters Limited (Ctrl S).

CIPH is a Canadian corporation and a wholly owned subsidiary of CPPIB. CIPH is an investment holding company. CPPIB is a professional investment management organization that manages the Canada Pension Plan Fund. CPPIB invests in public equities, private equities, real estate, infrastructure, and fixed income instruments.

Ctrl S is engaged in the provision of data center and colocation services and managed services like cloud optimization services, GPU private cloud, remote IT infrastructure services, backup services, etc. in India.

Detailed order of the Commission will follow.

Competition approval for CPPIB India's acquisition of shareholding in Ctrl S Datacenters advances a proposed investment combination. Competition approval was granted for the acquisition by CPPIB India Private Holdings Inc., a Canadian investment holding company and wholly owned subsidiary of CPPIB, of certain shareholding in Ctrl S Datacenters Limited. The transaction concerns a proposed combination involving investment by CPPIB through CIPH in Ctrl S, which provides data centre and colocation services and related managed services in India.