360 One Private Equity Fund
CCIC-2023/11/1082
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 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), 2011]
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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. 360 ONE Private Equity Fund ( Fund ) through its investment manager, 360 ONE Asset Management Limited ( AML ) (the Fund and AML are collectively referred to as 360 ONE/Acquirer )
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- b. API Holdings Limited ( API Holdings/Target ).
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- 360 ONE and API Holdings are collectively referred to as ( Parties ).
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B. The nature and purpose of the combination
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- 360 ONE proposes to subscribe to class B compulsorily convertible preference shares ( CCPS B ) of the Target ( Proposed Transaction ). The Proposed Transaction is in the nature of an acquisition and is notifiable under Section 5(1)(i)(A) of the Competition Act, 2002.
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