CCI approves acquisition by T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited of certain shareholding in TVS Supply Chain Solutions Private Limited

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CCI approves acquisition by T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited of certain shareholding in TVS Supply Chain Solutions Private Limited
CCI approves acquisition by T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited of certain shareholding in TVS Supply Chain Solutions Private Limited
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Azadi Ka Amrit Mahoutsav

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by PIB Delhi

The Competition Commission of India (CCI) approves acquisition by T.S. Rajam Rubbers Private Limited (Acquirer 1) and Dhinrama Mobility Solution Private Limited (Acquirer 2) of certain shareholding in TVS Supply Chain Solutions Private Limited (Target) under Section 31(1) of the Competition Act, 2002.

The proposed transaction entails an acquisition of additional shareholding of Target by Acquirer 1 and Acquirer 2 (collectively Acquirers). The proposed transaction will be carried out through a secondary purchase from CDPQ Private Equity Asia Pte. Ltd. (CDPQ).

The Acquirers are wholly owned subsidiaries of TVS Mobility Private Limited, which is owned and controlled by Shri TS Rajam Family. The TS Rajam Family members are the promoters of the Target.

Target is an unlisted public company and along with its affiliates, it is engaged in provision of logistics/supply chain solutions services in India and abroad.

Detailed order of the CCI will follow.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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