CCI approves acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust

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..... CCI approves acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust - News and Press Release Dated:- 10-8-2021 - Ne .....

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..... ws - The Competition Commission of India (CCI) approves acquisition by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust (Lighthouse Employee Trust) (collectively .....

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..... referred to as Acquirers) of Bikaji Foods International Limited (Target) under Section 31(1) of the Competition Act, 2002, yesterday. The Proposed Combination involves acquisition of additional .....

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..... 2.727% of equity shareholding in the Target by Fund III and Lighthouse Employee Trust. Lighthouse Funds currently has 7.472% equity shareholding in Bikaji through one of its funds. Lighthouse Fund .....

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..... s is a US based company and act as the sponsor and controls private equity funds that make investments in consumer companies in India. Till date, it has raised three private equity funds that are domi .....

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..... ciled in Mauritius. Fund III is one of these three funds and Lighthouse Employee Trust is a trust settled in India. The Target is engaged in the manufacture and sale of snacks such as bhujia, namke .....

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..... en, papad, chips, sweets and cookies. A detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - T .....

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..... MI - TaxTMI - TMITax .....

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