Sienna Limited, Anchor Partners and Sage Investment Trust.
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SUMMARY UNDER REGULATION 13 (1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) , REGULATIONS, 2011 (AS AMENDED)
(a) Parties to the Combination
- The Parties to the combination are:
- (i) Sienna Limited ( Sienna ), Anchor Partners ( Anchor ) and Sage Investment Trust ( Sage ) ( together, the Acquirers) ; and
- (ii) Busybees Logistics Solutions Private Limited ( Busybees or Target ).
- The Acquirers and Busybees are collectively referred to as the Parties .
(b) Nature and purpose of the Combination
- The proposed transaction relates to Acquirers’ minority acquisition of the issued and paid-up share capital of Busybees (on a fully diluted basis) ( Proposed Transaction ).
(c) Products, services and businesses of the Parties to the Combination
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