CCI nod for 7.49% stake sale in Aditya Birla Fashion to the Caladium Investment

 CCI approves the acquisition of approximately 7.49% shareholding in Aditya Birla Fashion and Retail Limited on a fully diluted basis by Caladium Investment Pte. Ltd(GIC Investor) by way of preferential issue of equity and warrants (Proposed Combination).

Caladium Investment Pte. Ltd. (Acquirer/GIC Investor) is wholly owned by Lathe Investment Private Limited, an entity that is in turn wholly owned by GIC (Ventures) Private Limited (GIC Ventures).

The GIC Investor is a special purpose vehicle organized as a private limited company in Singapore that is part of a group of investment holding companies managed by GIC Special Investments Private Limited (GICSI).

Aditya Birla Fashion and Retail Limited (Target/ABFRL) is a publicly listed company that along with its subsidiaries is engaged in the manufacture and retailing of branded apparel, footwear, and accessories (AFA) and operates across India through its retail stores, as well as distribution through its exclusive brand outlets and Pantaloons stores, multi-brand outlets, shop-in-shop stores across departmental stores, own online retail platforms and third-party e-commerce marketplaces.

Sources:www.cci.gov.in