TaxTMI 
TaxTMI 
CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V.
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....CI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V.<BR>Income Tax<BR>Dated:- 4-6-2025<BR><BR>The Competition Com....
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....mission of India has approved the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V. &n....
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....bsp; The proposed combination entails the acquisition of up to 9.99% of the paid up share capital (on a fully diluted basis) of IDFC First Bank Limited (IDFC/Target) by way of su....
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....bscription to 81,26,94,722 compulsorily convertible cumulative preference shares (CCPS) by Currant Sea Investments B.V. (Currant Sea/Acquirer). The Acquirer is an investment holding company incorpora....
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....ted in the Netherlands. The Target is engaged in the business of providing banking services i.e., taking deposits; providing loans, credit cards; distributing mutual fund and insurance products ....
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....and providing other financial solutions like corporate banking solutions, banking solutions for MSMEs, NRI banking, transaction banking & cash management solutions, FASTag, trade finance, treasury & f....
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....orex solutions and wealth management solutions. Detailed order of the Commission will follow.<BR> News - Press release - PIB....