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CCI approves acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited
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....CI approves acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited <br>News and Press Release<br>Dated:- 18-9-2024<br><BR>The Competition Commission of India (CCI) has appro....
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....ved the proposed acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited. Naspers Ventures B.V. (Naspers Ventures/ Acquirer) is an indirect, wholly owned subsidiary of Prosu....
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....s N.V. (Prosus). The Acquirer is an investment holding company and its principal activity is to make investments by providing direct and indirect equity and debt funding. Vastu Housing Finance Corpor....
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....ation Limited (VHFCL/ Target) is engaged in the provision of home loans, home extension loans, plot and construction loans, construction loan, loans against property, and micro/MSME loans. It has one ....
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....subsidiary, namely, Vastu Finserve India Private Limited (VFIPL), which is engaged inter alia in the provision of car loans, commercial vehicle loans, tractor loans, construction equipment loan, loans....
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.... against property, etc. The proposed transaction involves the acquisition of less than 10% equity shareholding (on a fully diluted basis) in VHFCL by Naspers Ventures (Proposed Combination). Detaile....
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....d order of the CCI will follow.<BR> News - Press release - PIB....