CCI okays acquisition of API Holdings Private ltd equity shareholding by CDPQ Private Equity Asia Pte. Ltd
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23/02/2021 12:29
The Competition Commission of India (CCI) approves acquisition by CDPQ Private Equity Asia Pte. Ltd. (‘CDPQ/Acquirer’) of equity shareholding of API Holdings Private Limited (‘API Holdings/Target’) under Section 31(1) of the Competition Act, 2002, today.
The combination envisages an acquisition of approximately 2% shareholding in the Target by the Acquirer along with certain additional rights.
The Acquirer is a wholly owned subsidiary of CDPQ and located in Singapore. CDPQ acts as an institutional investor that manages funds primarily for public and para-public pension and insurance plans. CDPQ is a Canadian institutional fund, which manages and serves more than 40 depositors which comprises public and private pension and insurance funds in Quebec.