The proposed mixture pertains to acquisition of shareholding by the Kotak Particular Conditions Fund (KSSF) and Kotak Pre-IPO Alternatives Fund (KPIOF) via a mixture of secondary share purchases of fairness shares and subscription to compulsorily convertible debentures of VVDN Applied sciences, in keeping with CCI.
KSSF and KPIOF are collectively known as Kotak Funds. They’re engaged within the enterprise of investments to attain a long-term capital whereas IBEF-IV (India Enterprise Excellence Fund IV) is a Sebi-registered various funding fund.
VVDN Applied sciences is into offering digital manufacturing companies and unique design manufacturing area with international operations.
CCI mentioned it has accredited the proposed deal.
“Provided that there aren’t any overlaps between the events to the proposed mixture. Moreover there aren’t any horizontal, vertical, and complementary overlaps between the respective teams to which the acquirers belong and the goal.
“The proposed mixture doesn’t increase any danger of an considerable antagonistic impact on competitors in any related market and is being notified beneath the inexperienced channel route,” in keeping with an replace on CCI web site.
Underneath the inexperienced channel route, a transaction which doesn’t increase any danger of an considerable antagonistic impact on competitors is deemed to be accredited on being intimated to the anti-trust regulator.
