CCI approves acquisition of shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd.

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..... CCI approves acquisition of shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. - News and Press Release Dated:- 4-5-2023 .....

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..... - News - The Competition Commission of India (CCI) approves the acquisition of shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 .....

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..... Pte. Ltd. The proposed combination pertains to acquisition Ascend Telecom Infrastructure Private Limited ( Ascend ) and GIP EM Ascend 2 Pte. Ltd. ( GIP EM ) (collectively, Acquirers ) of 100 perc .....

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..... ent of the shareholding of Tower Vision India Private Limited ( Target ) ( Proposed Combination ). Acquirers The Acquirers are entirely owned by funds/investment vehicles managed by entities t .....

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..... hat are ultimately controlled by Global Infrastructure Management LLC ( GIM LLC ). Ascend is engaged in providing passive telecommunication infrastructure services through towers in India while GIP EM .....

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..... is presently not engaged in any business operations. Target The Target is controlled by Tower Vision Mauritius Limited and is engaged in the provision of passive telecommunication infrastruct .....

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..... ure services through towers in India. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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..... - TaxTMI - TMITax .....

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