CCI approves the acquisition of shareholding in India Business Excellence Fund – IV by VVDN Technologies Private Limited

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....CI approves the acquisition of shareholding in India Business Excellence Fund – IV by VVDN Technologies Private Limited <br>News and Press Release<br>Dated:- 11-12-2024<br><BR>Competition Commission....

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.... of India approved the acquisition of shareholding in India Business Excellence Fund - IV by VVDN Technologies Private Limited. India Business Excellence Fund - IV (Acquirer) is a Category II alterna....

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....tive investment fund registered with the Securities and Exchange Board of India. It primarily invests in equity and equity-linked instruments and/or debt and/or mezzanine or other instruments of India....

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....n or India related companies. It is a sector-agnostic fund, providing growth capital to mid-sized companies. VVDN Technologies Private Limited (Target) is engaged in the business of providing Electro....

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....nic Manufacturing Services (EMS)/ Original Design Manufacturing (ODM) services. The Target provides its EMS/ ODM services to both domestic and global customers in the following business verticals: 5G,....

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.... networking & Wi-Fi, Internet of Things, camera-based solutions, cloud-based solutions, and data centre infrastructure. The Proposed Combination relates to acquisition of shareholding by the Acquirer....

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.... in the Target through a combination of secondary share purchases of equity shares and subscription to compulsorily convertible debentures (Proposed Combination). Detailed order of the Commission wil....

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....l follow.<BR> News - Press release - PIB....