CCI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC

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..... CCI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC - News and Press Release Dated:- 27-11-2024 - News - CCI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC - - - Dated:- 27-11-2024 - Competition Commission of India has approved transaction involving .....

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..... subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC. The proposed transaction comprises: (a) investment through subscription of shares of Flipkart Private Limited ( Target ) by Shoreline International Holdings LLC ( Acquirer ); and (b) an arrangement between an affiliate of the Acquirer and the Target s subsidiary for the provision of certain services. The Ac .....

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..... quirer is a wholly owned subsidiary of Alphabet Inc. (collectively with all its subsidiaries, Google ). The Acquirer is a holding company and does not own or operate any Google products or services. Google, however, offers various products and services. The Target is a subsidiary of Walmart Inc. and ultimately belongs to the Walmart Group. The Target is principally an investment holding company, w .....

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..... hich, along with its direct and indirect subsidiaries, is primarily engaged in the business of wholesale cash and carry of goods and providing marketplace-based e commerce platforms to facilitate trade between customers and sellers in India. Detailed order of the Commission will follow. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. .....

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..... com - TMI - TaxTMI - TMITax .....

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