https://www.taxtmi.com/news?id=24585 The Competition Commission of India approved the acquisition by Betaine B.V. of HGS's worldwide healthcare BPO business, encompassing specified assets, contracts and employees. Betaine is a Netherlands entity newly organized for the transaction and is ultimately owned and controlled by funds affiliated with a Baring Private Equity Asia fund; Betaine currently has no business operations in India. The fund sponsor holds investments in entities providing IT and ITeS, including BPO services, which the CCI noted during its assessment. A detailed order will follow. en-us Tue, 19 Oct 2021 10:31:15 +0530 Tue, 19 Oct 2021 10:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24585 The Competition Commission of India approved the acquisition by Betaine B.V. of HGS's worldwide healthcare BPO business, encompassing specified assets, contracts and employees. Betaine is a Netherlands entity newly organized for the transaction and is ultimately owned and controlled by funds affiliated with a Baring Private Equity Asia fund; Betaine currently has no business operations in India. The fund sponsor holds investments in entities providing IT and ITeS, including BPO services, which the CCI noted during its assessment. A detailed order will follow. News - Tue, 19 Oct 2021 10:31:15 +0530 https://www.taxtmi.com/news?id=24585