Union Minister chairs meeting with Food Ministers of 5 States (See 'Corp Brief') A&C - When existence of arbitration clause is evident from perusal of Service Agreement, there is no impediment in appointing independent Sole Arbitrator for adjudicating disputes between parties: HC (See 'Legal Desk') TRAI releases Draft Telecommunication Tariff Order, 2025 (See 'Corp Brief') IPR - Deceptively similar trademark which is likely to confuse customers, amounts to infringment, and calls for injunction: HC (See 'Legal Desk') Minister invites Global Community to invest in Mining Industry (See 'Corp Brief') A&C - Where reference application u/s 8 was made long after expiry of outer limit of 120 days from date of service of summons, such reference could not be construed to have been made at earliest: HC (See 'Legal Desk') Minister inaugurates India Pavilion at Heimtextil 2025, Frankfurt (See 'Corp Brief') Trade Marks Act - Defendants have been unauthorisedly using mark 'TATA': HC (See 'Legal Desk') DPIIT joins hands with ITC to bolster India's startup ecosystem (See 'Corp Brief') IBC - During CIRP, RP is continuously making payment of license fees and Applicant is accepting that payment, so there is no merit in prayers made by Applicant seeking possession of property: NCLT (See 'Legal Desk') 8.21 lakh houses to be constructed under PMAY-G: Chauhan (See 'Corp Brief') Indian Limitation Act - Execution application has not been filed beyond period of limitation: HC (See 'Legal Desk') CCI okays sale of 34% equity of Ashoka Concessions to Ashoka Buildcon (See 'Corp Brief') A&C - High Court which exercises original civil jurisdiction can't be classified as 'Court' for purpose of Sec 42 of Arbitration Act when it merely appointed arbitrators u/s 11(6): HC (See 'Legal Desk') 100% coverage under Social Security Schemes for All BoC workers urged (See 'Corp Brief') A&C - Order passed u/s 11 based on arbitration clause, cannot be recalled merely on ground that reply given to notice u/s 21 was suppressed: HC (See 'Legal Desk') India Energy Week 2025 to redefine Global Energy Dialogue (See 'Corp Brief') Misc - Supreme Court calls for report from Union Government on effective availability of video conferencing facility for lawyers & litigants in Tribunals functioning within its jurisdiction: SC (See 'Legal Desk') C-DOT, IIT Mandi sign MoU for developing Semiconductor Chip (See 'Corp Brief') FEMA - Mere delay in submitting export documents would not disqualify credit advanced as 'export credit': HC (See 'Legal Desk') 40 Livestock Projects Worth More than Rs. 545 Crores to be inaugurated (See 'Corp Brief') PMLA - Initial complaint can be filed by ED u/s 44 of PMLA, even if investigation is not fully completed: HC (See 'Legal Desk') SECL launches Post-Retirement Benefit Cell (See 'Corp Brief') FRs act of modifying of usual modus operandi of front running, by adopting novel approach to benefit from NPI with respect to substantial impending transaction of Big Client, calls for stringent action: SEBI (See 'Legal Desk') Minister urges J&K youth to embrace Start-ups (See 'Corp Brief') Contempt of Courts Act - Contempt petition which is attempt to wriggle out of conundrum which petitioner is facing in proceedings before DRT, should not be allowed: HC (See 'Legal Desk') PLI 2.0 fueling India's IT Hardware Revolution (See 'Corp Brief') Stamps Act - Rejection of petitioner's bid is wrong and arbitrary on ground that affidavit is not containing stamp of notary: HC (See 'Legal Desk')

Print

CCI okays acquisition by 360 ONE Private Equity Fund in Vastu Housing Finance

Published: Aug 08, 2024

By TIOLCorplaws News Service

NEW DELHI, AUG 08, 2024: THE Competition Commission of India (CCI) has approved acquisition by 360 ONE Private Equity Fund in Vastu Housing Finance Corporation Limited.

360 ONE Private Equity Fund (360 Fund) is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund and is established for the purpose of investing in various sectors in India and worldwide. 360 ONE Alternates Asset Management Limited (360 AAML) is the investment Manager of 360 Fund. 360 AAML is a wholly owned subsidiary and ultimately controlled by 360 ONE WAM Limited (360 OWL). 360 Fund and 360 AAML are together referred to as "360 ONE/ Acquirer". 360 AAML provides investment management services to 360 ONE's entities.

Vastu Housing Finance Corporation Limited (VHFCL/Target) inter alia provides loans, home loans, home extension loans, plot and construction loans, construction loan, loans against property and micro/MSME loans in India. Vastu Finserve India Private Limited is a wholly owned subsidiary of VHFCL and is engaged in the business of providing financial services, specifically- provision of loans and credit/advance money with or without security to any individual, firm, body corporate or any other entity. It provides, inter alia, car loans, commercial vehicle loans, tractor loans, construction equipment loans, loans against property, etc.

360 Fund, through its various schemes and affiliates, proposes to make a secondary purchase of equity shares in the Target (Proposed Combination).

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.