Govt releases Clarification on strategic restructuring of IDBI Bank Ltd. (See 'Corp Brief') NSIC presents dividend for FY 2025-26 (See 'Corp Brief') DoT leads Thematic Session on 'Intelligent Networks and Quantum Communication' at ESTIC 2026 (See 'Corp Brief') GeM reduces Transaction Charges to 0.30%, Raises Exemption Threshold to Rs 10 Lakh (See 'Corp Brief') Companies Act, 2013 - Pendency of challenge to a judgment before a Division Bench does not extinguish its binding force, where judgment is neither set aside nor stayed: HC (See 'Legal Desk') MoS highlights India's rise as a global co-creator in science and technology (See 'Corp Brief') MoS leads Indian delegation to Singapore International Energy Week 2026 (See 'Corp Brief') MoS felicitates Winners of Viksit Bharat Buildathon 2025 (See 'Corp Brief') Trade Marks Act, 1999 - Court's intervention is needed where the parties furnish affidavits making undertakings that effectively resolve the issues at hand: HC (See 'Legal Desk') DRI seizes around 55,000 e-cigarettes worth more than Rs. 13.5 crore (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - CIRP merits being ordered in respect of an applicant when there is no reason to deny admission once the statutory requirements for initiation of CIRP by the Corporate Applicant, are satisfied: NCLT (See 'Legal Desk') Scientists engage with farmers in Delhi's rural areas under 'Khet Bachao Abhiyan' (See 'Corp Brief') Yadav calls for translating Global Biodiversity Commitments into Effective Implementation (See 'Corp Brief') Competition Act, 2002 - Allegations of anti-competitive agreements or of abuse of dominant position are tenable where no cogent evidence is furnished to bolster the allegations raised: CCI (See 'Legal Desk') Energy Technology Meet inaugurated in Goa, Highlights India's Energy Security Priorities (See 'Corp Brief') Discussions must lead to practical actions that cities can adopt: MoS (See 'Corp Brief') CARA organises Regional Consultative Workshop to expand Adoption of Children with Special Needs (See 'Corp Brief') ICAR-MGIFRI promotes Soil Health, Balanced Fertilisation and Sustainable Orchard Management (See 'Corp Brief') IPR - If well-known pharmaceutical mark with established goodwill & continuous use is sought to be diluted by subsequent user adopting coined expression sharing dominant prefix, case calls for interim injunction: HC (See 'Legal Desk') Bhupender Yadav emphasizes importance of Science-based Biodiversity Governance (See 'Corp Brief') PM Vishwakarma Artisans showcase Traditional Crafts at BRICS Cultural Bazar (See 'Corp Brief') Industrial Settlements benefit Over 10,900 Bihar Gramin Bank Employees (See 'Corp Brief') Startup Credit Guarantees reach Rs 1,662 Crore (See 'Corp Brief') IPR - Converting passing off action into infringement claim post-registration does not change basic structure of suit: HC (See 'Legal Desk') Nadda leads Integrity Pledge Ceremony at Ministry of Health and Family Welfare (See 'Corp Brief') RM calls for 'Aatmanirbharta 2.0', next leap in defence self-reliance, at SWAVLAMBAN 2026 (See 'Corp Brief') IBC - Admission u/s 7 IBC requires summary finding of debt & default above statutory threshold, and not exact reconciliation or forensic reconciliation of accounts: SC (See 'Legal Desk') MoRTH to organise 'Transport Mela' under PARIVARTAN Scheme in Delhi-NCR (See 'Corp Brief') NCB launches 'Operation Trident', with 38 teams striking 38 locations (See 'Corp Brief') NIFTEM-K hosts India's First AI × Food Tech Hackathon, 'Hack the Fork' (See 'Corp Brief') Misc - Administrator could neither assume RBI's write-down power at point of non-viability nor exercise it after reconstruction scheme took effect: SC (See 'Legal Desk') GeM promotes 'The AABHAR Collection' to showcase India's Cultural Heritage (See 'Corp Brief') National Conclave 2026: Technical sessions outline reforms for future-ready cities (See 'Corp Brief') PM's appeal has given a new identity to Khadi: KVIC Chairman (See 'Corp Brief') SARFAESI - Secured creditor stepping into shoes of borrower/lessee cannot claim rights superior to those of original lessee: HC (See 'Legal Desk') Three-day event 'India Chem-2026' concludes in Mumbai (See 'Corp Brief') Agricultural Biological Resources generate ABS Benefits for Biodiversity (See 'Corp Brief') BHASHINI Division showcases Multilingual AI Solutions for Accessible Research at IIT Delhi (See 'Corp Brief') Capital Market - Sec 12A of Commercial Courts Act is mandatory and strict condition precedent for maintaining commercial suit where no urgent interim relief is contemplated: HC (See 'Legal Desk') Fisheries Investors & Exporters Conclave 2026 to boost Investment and Exports from Inland Fisheries (See 'Corp Brief') India's First Maritime NBFC SMFCL scales up with Rs 5,107 Crs disbursed (See 'Corp Brief') India advances Agrivoltaics Cooperation for Global South (See 'Corp Brief') RTI - Information regarding public orders & ongoing court proceedings is already accessible in public domain - falls outside disclosure obligations of public authority under statute: SEBI (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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CCI approves the acquisition of equity in India Business Excellence Fund - IV by VVDN Technologies

Published: Dec 11, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 11, 2024: THE 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).

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