CCI approves acquisition of shares of Billionbrains Garage Ventures Limited by Viggo Investment Pte. Ltd.

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....CI approves acquisition of shares of Billionbrains Garage Ventures Limited by Viggo Investment Pte. Ltd. <br>News and Press Release<br>Dated:- 2-7-2025<br><BR>The Competition Commission of India has approved the proposed acquisition of shares of Billionbrains Garage Ventures Limited by Viggo Investment Pte. Ltd.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb....

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....sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&....

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....nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The proposed combination relates to the acquisition of 2.143% shareholding in Billionbrains Garage Ventures Limited (Groww) by Viggo Investment Pte. Ltd. (GIC Investor) pursuant to the execution of, inter alia, a Deed of Adherence ....

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....and Share Subscription Agreement dated 28th April 2025. GIC Investor is an investment holding vehicle and is a wholly owned subsidiary of Enterprise Holding Pte. Ltd., which, in turn, is a wholly owned subsidiary of GIC (Ventures) Private Limited. Groww is a company incorporated in India, which through its affiliates operates an online trading platform and mobile application called "Groww", whic....

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....h allows investors to invest in stocks and mutual funds and other financial instruments. It is also engaged in the business of, inter alia; (a) software designing, customization, testing and benchmarking, designing and development of computer software and solutions, and providing, building, and organizing of software tools; (b) marketing and innovation of licensed software; and (c) providing manag....

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....ement and consultancy services to its group companies. Detailed order of the Commission will follow.<BR> News - Press release - PIB....