CCI approves acquisition by 360 ONE Private Equity Fund in Vastu Housing Finance Corporation Limited

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..... CCI approves acquisition by 360 ONE Private Equity Fund in Vastu Housing Finance Corporation Limited - News and Press Release Dated:- 8-8-2024 - News - CCI approves acquisition by 360 ONE Private Equity Fund in Vastu Housing Finance Corporation Limited - - - Dated:- 8-8-2024 - The Competition Commission of India (CCI) has approved acquisition by 360 ONE Private Equity Fund in Vastu Housing Financ .....

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..... e Corporation Limited . 360 ONE Private Equity Fund ( 360 Fund ) is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund and is established for the purpose of investing in various sectors in India and worldwide. 360 ONE Alternates Asset Management Limited ( 360 AAML ) is the investment Manager of 360 Fund. 360 AAML is a wholly owned subsidiary and .....

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..... ultimately controlled by 360 ONE WAM Limited ( 360 OWL ). 360 Fund and 360 AAML are together referred to as 360 ONE/ Acquirer . 360 AAML provides investment management services to 360 ONE s entities. Vastu Housing Finance Corporation Limited ( VHFCL/ Target ) inter alia provides loans, home loans, home extension loans, plot and construction loans, construction loan, loans against property and mic .....

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..... ro/MSME loans in India. Vastu Finserve India Private Limited is a wholly owned subsidiary of VHFCL and is engaged in the business of providing financial services, specifically- provision of loans and credit/advance money with or without security to any individual, firm, body corporate or any other entity. It provides, inter alia , car loans, commercial vehicle loans, tractor loans, construction eq .....

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..... uipment loans, loans against property, etc. 360 Fund, through its various schemes and affiliates, proposes to make a secondary purchase of equity shares in the Target ( Proposed Combination ). Detailed order of the CCI will follow. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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