CCI Approves Dhinrama Mobility’s Acquisition by T.S. Rajam Rubbers

Sharing is caring!

The Competition Commission of India (CCI) approves acquisition by T.S. Rajam Rubbers Private Limited (Acquirer 1) and Dhinrama Mobility Solution Private Limited (Acquirer 2) of certain shareholding in TVS Supply Chain Solutions Private Limited (Target) under Section 31(1) of the Competition Act, 2002.

The proposed transaction entails an acquisition of additional shareholding of Target by Acquirer 1 and Acquirer 2 (collectively Acquirers). The proposed transaction will be carried out through a secondary purchase from CDPQ Private Equity Asia Pte. Ltd. (CDPQ).

The Acquirers are wholly owned subsidiaries of TVS Mobility Private Limited, which is owned and controlled by Shri TS Rajam Family. The TS Rajam Family members are the promoters of Target.

Target is an unlisted public company and along with its affiliates, it is engaged in provision of logistics/supply chain solutions services in India and abroad.

Detailed order of the CCI will follow.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: