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

On 10/12/2024, the Competition Commission of India issued an update regarding CCI approves the acquisition of shareholding in India Business Excellence Fund – IV by VVDN Technologies Private Limited. The proposed combination involves the acquisition of shareholding by India Business Excellence Fund – IV in VVDN Technologies Private Limited through secondary share purchases and compulsorily convertible debentures. This allows for growth capital to be provided to mid-sized companies, including those engaged in EMS/ODM services.