CCI approves acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited

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..... CCI approves acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited
News and Press Release
Dated:- 18-9-2024

The Competition Commission of India (CCI) has appr .....

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..... oved the proposed acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited. Naspers Ventures B.V. (Naspers Ventures/ Acquirer) is an indirect, wholly owned subsidiary of Pros .....

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..... us N.V. (Prosus). The Acquirer is an investment holding company and its principal activity is to make investments by providing direct and indirect equity and debt funding. Vastu Housing Finance Corpo .....

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..... ration Limited (VHFCL/ Target) is engaged in the provision of home loans, home extension loans, plot and construction loans, construction loan, loans against property, and micro/MSME loans. It has one .....

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..... subsidiary, namely, Vastu Finserve India Private Limited (VFIPL), which is engaged inter alia in the provision of car loans, commercial vehicle loans, tractor loans, construction equipment loan, loan .....

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..... s against property, etc. The proposed transaction involves the acquisition of less than 10% equity shareholding (on a fully diluted basis) in VHFCL by Naspers Ventures (Proposed Combination). Detail .....

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..... ed order of the CCI will follow.
News - Press release - PIB .....

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