(1) Kyndryl Holdings Llc (Kyndryl) (2) Grand Ocean Managed Infrastructure Services Private Limited (Ocean India)
CCIC-2021/05/834
A compact analysis
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SUMMARY OF THE PROPOSED TRANSACTION
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[In terms of Regulations 13(1A) of the Competition Commission of India (Procedure in regard to the Transaction of Business Relating to Combinations) Regulations, 2011 (as amended)]
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A. Name of the parties to the combination
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- The names of the parties to the combination are:
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- a) Kyndryl Holdings LLC ( Kyndryl )
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- b) Grand Ocean Managed Infrastructure Services Private Limited ( Ocean India )
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- c) IBM India Private Limited ( IBM India )
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- d) Network Solutions Private Limited ( NetSol )
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- Kyndryl and Ocean India are collectively referred to as the ‘ Acquirers ’. IBM India and NetSol are referred to as the ‘ Sellers ’.
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B. Nature and purpose of the combination
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