CCI receives a notice relating to acquisition of certain shareholding in OFB Tech Private Limited by SVF II Orca (DE) LLC under Green Channel

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....CI receives a notice relating to acquisition of certain shareholding in OFB Tech Private Limited by SVF II Orca (DE) LLC under Green Channel <br>News and Press Release<br>Dated:- 31-7-2021<br><BR>The ....

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....Competition Commission of India (CCI) receives a notice relating to the acquisition of certain shareholding in OFB Tech Private Limited by SVF II Orca (DE) LLC, under Green Channel and is deemed appro....

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....ved. The CCI received a notice relating to the acquisition of certain shareholding in OFB Tech Private Limited (Target) by SVF II Orca (DE) LLC (Acquirer), under Green Channel and is deemed approved.....

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.... SVF II Orca (DE) LLC is a newly incorporated entity set up to make mid to long term financial investments in technology companies. It belongs to the Soft Bank Group which is present in India through....

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.... controlled entities and investments in various sectors, including but not limited to health technology, logistics, education technology, and artificial intelligence. OFB Tech Private Limited is inco....

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....rporated in India. It is involved in the wholesale trading of raw materials through a technology enabled platform. OFB Tech has indirect presence in (i) purchase financing business, (ii) wholesale tra....

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....ding of agricultural materials, (iii) wholesale trading of construction materials and related sub-contracting services, and (iv) operation of a technology platform that assists enterprises in discover....

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....ing tenders.<BR> News - Press release - PIB....