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 - News - CCI approves acquisition by Naspers Ventures B.V. in .....

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..... Vastu Housing Finance Corporation Limited - - - Dated:- 18-9-2024 - The Competition Commission of India (CCI) has approved the proposed acquisition by Naspers Ventures B.V. in Vastu Housing Finance C .....

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..... orporation Limited. Naspers Ventures B.V. ( Naspers Ventures/ Acquirer ) is an indirect, wholly owned subsidiary of Prosus N.V. ( Prosus ). The Acquirer is an investment holding company and its princi .....

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..... pal activity is to make investments by providing direct and indirect equity and debt funding. Vastu Housing Finance Corporation Limited ( VHFCL/ Target ) is engaged in the provision of home loans, hom .....

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..... e extension loans, plot and construction loans, construction loan, loans against property, and micro/MSME loans. It has one subsidiary, namely, Vastu Finserve India Private Limited ( VFIPL ), which is .....

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..... engaged inter alia in the provision of car loans, commercial vehicle loans, tractor loans, construction equipment loan, loans against property, etc. The proposed transaction involves the acquisition .....

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..... of less than 10% equity shareholding (on a fully diluted basis) in VHFCL by Naspers Ventures ( Proposed Combination ). Detailed order of the CCI will follow. - - News - Press release - PIB Tax Manag .....

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..... ement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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