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TMI BlogCCI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLCX X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC X X X X Extracts X X X X X X X X Extracts X X X X ..... sion of India has approved transaction involving subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC. The proposed transaction comprises: (a) investment through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the provision of certain services. The Acquirer is a wholly owned subsidiary of Alphabet Inc. (collectively with all its subsidiaries, Google). The Acquirer is a holding company and does not own ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s principally an investment holding company, which, along with its direct and indirect subsidiaries, is primarily engaged in the business of wholesale cash and carry of goods and providing marketplace ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -based e commerce platforms to facilitate trade between customers and sellers in India.
Detailed order of the Commission will follow. X X X X Extracts X X X X X X X X Extracts X X X X
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