V-Sciences Investments Pte Ltd.
CCIC-2022/11/989
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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SUMMARY OF THE PROPOSED COMBINATION
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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) V-Sciences Investments Pte Ltd ( Acquirer )
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- (b) Green Agrevolution Private Limited ( Target )
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B. Nature and purpose of the combination
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- The Acquirer proposes to subscribe to certain additional compulsorily convertible preference shares ( CCPS ) issued by the Target convertible into the share capital of the Target as per the terms and conditions of the Supplemental Series E Share Subscription Agreement dated 25 November 2022 (hereinafter referred to as the ‘ Proposed Transaction’ ).
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- Upon conversion of the said CCPS, the Acquirer will hold less than 5% of the share capital of the Target on a fully diluted basis.
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