TaxTMI 
TaxTMI 
CCI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC
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....CI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC <br>News and Press Release<br>Dated:- 27-11-2024<br><BR>Competition Commiss....
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....ion of India has approved transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC. The proposed transaction comprises: (a) investment through s....
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....ubscription of shares of Flipkart Private Limited (Target) by Shoreline International Holdings LLC (Acquirer); and (b) an arrangement between an affiliate of the Acquirer and the Target's subsidiary f....
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....or the provision of certain services. The Acquirer is a wholly owned subsidiary of Alphabet Inc. (collectively with all its subsidiaries, Google). The Acquirer is a holding company and does not own o....
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....r operate any Google products or services. Google, however, offers various products and services. The Target is a subsidiary of Walmart Inc. and ultimately belongs to the Walmart Group. The Target is....
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.... principally an investment holding company, which, along with its direct and indirect subsidiaries, is primarily engaged in the business of wholesale cash and carry of goods and providing marketplace-....
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....based e commerce platforms to facilitate trade between customers and sellers in India. Detailed order of the Commission will follow.<BR> News - Press release - PIB....