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CCI okays acquisition by Alpha Wave of 12.44% shareholding in Advanta Enterprises

Published: Mar 05, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 05, 2025: THE Competition Commission of India has approved the acquisition by Alpha Wave Ventures II, LP of a 12.44% shareholding in Advanta Enterprises Limited.

The Proposed Combination envisages the acquisition by Alpha Wave Ventures II, LP (AWV II) of a 12.44% shareholding in Advanta Enterprises Limited (Advanta).

AWV II is the flagship global private equity fund managed by Alpha Wave Ventures GP, a joint venture between Alpha Wave Global, LP and Lunate Holding RSC Ltd. AWV II aims to invest in best-in-class growth-stage companies and endeavours to be helpful long-term partners.

Advanta is engaged in the business of breeding, producing, researching, developing, introducing, and commercializing, sale, purchase, export and import of seeds and seed varieties.

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