CCI approves acquisition by BCP Topco IX Pte. Ltd. (BCP Topco), Waverly Pte Ltd. (GIC Investor) and Platinum Owl C 2018 RSC Limited (ADIA Investor) of Mphasis Limited

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..... CCI approves acquisition by BCP Topco IX Pte. Ltd. (BCP Topco), Waverly Pte Ltd. (GIC Investor) and Platinum Owl C 2018 RSC Limited (ADIA Investor) of Mphasis Limited
News and Press Release
Dated:- 8-6-2021

The Competition Commission of India (CCI) approves acquisition by BCP Topco IX Pte. Ltd.(BCP Topco), Waverly Pte Ltd. (GIC Investor) and Platinum Owl C 2018 RSC Limited(ADIA Inves .....

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..... tor)('Acquirers') of Mphasis Limited ('Target') under Section 31(1) of the Competition Act, 2002, today. The proposed transaction pertains to the acquisition of up to 75% shareholding in the Target by BCP Topco through a series of inter-connected transactions. BCP Topco is a private limited company, incorporated under the laws of Singapore. It has not been engaged in providing any products / ser .....

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..... vices and / or performing the business of investment holding in India or worldwide, since its incorporation. GIC Investor is a special purpose vehicle organised as a private limited company in Singapore that is part of a group of investment holding companies managed by GIC Special Investments Private Limited. Platinum Owl is acting in its capacity as trustee for Platinum Jasmine Trust, and Abu D .....

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..... habi Investment Authority (ADIA) is the sole beneficiary and settlor of the Platinum Jasmine Trust. Target is a public limited company, registered under the Companies Act, 1956, listed on National Stock Exchange of India Limited and BSE Limited. It is a global information technology (IT) service provider specialising in providing cloud and cognitive services, including application development and .....

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..... maintenance, infrastructure management services, knowledge processing services, service/technical helpdesk, transaction processing services and customer service, business process management / business process outsourcing (BPO) and infrastructure services, globally through a combination of technology knowhow, domain and process expertise. Detailed order of the CCI will follow.
News - Press re .....

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..... lease - PIB .....

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