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CCI approves acquisition of certain stake of Lenskart Solutions Private Limited by Kedaara Capital Fund III LLP

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....CI approves acquisition of certain stake of Lenskart Solutions Private Limited by Kedaara Capital Fund III LLP <br>News and Press Release<br>Dated:- 4-10-2023<br><BR>The Competition Commission of Indi....

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....a (CCI) has approved acquisition of certain stake of Lenskart Solutions Private Limited (Target) by Kedaara Capital Fund III LLP (Acquirer). The proposed combination relates the acquisition of approx....

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....imately 1.74% of the issued share capital on a fully diluted basis of Lenskart Solutions Private Limited by Kedaara Capital Fund III LLP. Acquirer is a private equity fund, registered with the Securi....

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....ties and Exchange Board of India as a Category II Alternative Investment Fund, and is engaged in the activity of investing in companies. Target is a private limited company incorporated in India. In ....

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....India, the Target undertakes the following businesses: (i) manufacture of eyewear products, including eyeglasses, sunglasses and eyewear accessories and sale (including by way of retail) of such manuf....

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....actured products etc.; and (ii) wholesale trading of eyewear products. Detailed order of the CCI will follow.<BR> News - Press release - PIB....