CCI Approves Opal Bidco's Acquisition of 100% Stake in STT GDC Pte. Ltd.
The Competition Commission of India has approved a major corporate combination involving the acquisition of STT GDC Pte. Ltd. by Opal Bidco Pte. Ltd. The transaction sees Opal Bidco acquire 100% shareholding in STT GDC, with Ruby Asia Holdings II Pte. Ltd., Singtel Interactive Pte. Ltd., Sunstone Investment Pte. Ltd., and One Hundred And Thirty First Investment Company - Sole Proprietorship LLC (MIC Entity) acquiring an economic interest in the company.Opal Bidco is an investment vehicle that is indirectly wholly owned by funds, vehicles, and/or accounts advised and managed by KKR. Similarly, Ruby Asia Holdings II Pte. Ltd., a special purpose vehicle, is indirectly wholly owned by investment funds, vehicles, and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc.
The acquirer group includes Singtel Interactive Pte. Ltd., a subsidiary of Singapore Telecommunications Limited (Singtel Group). The Singtel Group is described as a provider of connectivity, digital services, and digital infrastructure, operating across Asia, Australia, and Africa. Sunstone is a special purpose vehicle incorporated in Singapore for holding investments.
The acquisition also involves the MIC Entity, which is an indirect wholly owned subsidiary of Mubadala Investment Company PJSC. Mubadala is noted as a public joint stock company wholly owned by the Government of Abu Dhabi in the UAE.
STT GDC Pte. Ltd., the target entity, is a data centre provider. It stands as a direct subsidiary of STT Communications Ltd. and an indirect subsidiary of Singapore Technologies Telemedia Pte. Ltd., a group headquartered in Singapore with operations across communications, media, data centres, and infrastructure technologies globally. STT GDC maintains its presence in India through its indirect subsidiary, STT Global Data Centres India Private Limited, among many players in the Indian data centre market.
SHEEL Stock Price Movement
Today, Sheel Biotech Limited shares surged to close at ₹72.45 after gaining 5.00%. The stock maintained strength throughout the trading session, having moved within an intraday range of ₹69.00 and ₹72.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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