Competition Commission of India
azadi ka amrit mahotsav

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

Posted On: 10 DEC 2024 8:54PM by PIB Delhi

Competition Commission 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 alternative 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 Indian 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 Electronic 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, 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 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 will follow.

****

NB/AD


(Release ID: 2082975) Visitor Counter : 373


Read this release in: Hindi