The Competition Commission of India (CCI) has approved acquisition of certain shareholding in Nxtra Data Limited (Target) by Alpha Wave Ventures II, LP (Acquirer).

The Proposed Combination pertains to the acquisition by the Acquirer of a certain shareholding in the Target by way of primary subscription of equity shares of the Target.

The Acquirer is a private equity fund managed by Alpha Wave Ventures GP, a joint venture between Alpha Wave Global and Lunate Holding RSC Ltd.

The Target is engaged in providing data center colocation services in India.

Detailed order of the Commission will follow.

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NB/ONP

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