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CCI approves acquisition of 100% shareholding of Ingram Micro by Imola

The Competition Commission of India (CCI) has approved proposed acquisition of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Acquisition Corporation

CCI | acquisition | Nippon Life Company


CCI, competition law, buyer cartels

The (CCI) has approved proposed of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Corporation.

The proposed combination relates to of Ingram together with its parent GCL Investment Management Inc and GCL Investment Holding Inc besides its direct and indirect subsidiaries.

Imola is a newly incorporated entity belonging to Platinum Equity Group which specialises in merger, acquisition and operation of that provide services and solutions to customers in a broad range of businesses, including information technology, telecommunications, logistics, metal services, manufacturing and distribution.

Ingram Micro is a US headquartered IT company that specialises in technology distribution and logistics, cloud solutions and e-commerce supply chain services.

The Ministry of Corporate Affairs said in a statement on Monday that a detailed order will follow soon.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, May 10 2021. 13:39 IST