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CCI approves the acquisition of certain stake of Speed JVco S.à r.l. (Target) by Ramon Investments Pte. Ltd. (Acquirer)

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..... CCI approves the acquisition of certain stake of Speed JVco S.à r.l. (Target) by Ramon Investments Pte. Ltd. (Acquirer)
News and Press Release
Dated:- 18-12-2024

The Competition Commissi .....

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..... on of India has approved the acquisition of certain stake of Speed JVco S.a r.l. (Target) by Ramon Investments Pte. Ltd. (Acquirer). The Proposed Combination involves the acquisition of certain stake .....

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..... of the Target by the Acquirer. Acquirer is an investment holding company and does not engage in any business operation other than holding investments. It is an indirect wholly owned subsidiary of Tem .....

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..... asek Holdings (Private) Limited (Temasek). Temasek is an investment company headquartered in Singapore. Temasek's global portfolio covers a broad spectrum of industries including transportation; fina .....

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..... ncial services; telecommunications, media & technology; consumer & real estate; life sciences & agri-food; and multi-sector funds. Target including its affiliates, inter alia, provides visa outsourci .....

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..... ng and related services i.e., offering visa application and consular services to governments and diplomatic missions; travel-related services including facilitation of travel itinerary and hotel reser .....

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..... vations, facilitation of travel insurance and other ancillary services such as providing sim cards and forex, etc. Detailed order of the Commission will follow.
News - Press release - PIB .....

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