General Atlantic Singapore Ack Pte. Ltd.
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.
SUMMARY OF THE PROPOSED TRANSACTION
Under sub-regulation (2) of regulation 13 of Competition Commission of India (Combinations) Regulations, 2024.
Name of the parties to the combination
- The parties are:
- a. General Atlantic Singapore ACK Pte. Ltd. ( GASACK / Acquirer ) and
- b. Acko Technology & Services Private Limited ( Acko Tech ).
A. Nature and purpose of the combination
- Pursuant to proposed corporate actions by Acko Tech, GASACK may acquire additional shareholding of Acko Tech leading to its total shareholding crossing 25% on a fully diluted basis ( Proposed Transaction ). The Proposed Transaction is in the nature of an acquisition of shares and is notifiable under Section 5(a)(i)(A).
- B. Products, services and business(es) of the parties to the combination; and
- GASACK: GASACK is an investment holding company incorporated under the laws of Singapore. GASACK is affiliated with a group of General Atlantic investment funds that provides capital and strategic support to growing businesses across the following global sectors - technology, healthcare
Case details
As recorded by the court registry
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