Interconnected transaction expected in shareholding deal, says CCI
The Competition Commission of India has approved the proposed acquisition of shareholding in Maharashtra-based Dhoot Transmission Private Limited by BC Asia Investments XV Limited and BC Asia Investments XVI Limited of Boston-headquartered Bain Capital Partners LLC.
The proposed combination envisages acquisition of shareholding in Dhoot Transmission Private Limited (DTPL) by BC Asia Investments XV Limited and BC Asia Investments XVI Limited. Certain inter-connected transaction is also envisaged.
BC Asia Investments XV Limited and BC Asia Investments XVI Limited are indirectly owned and controlled by funds managed and/or advised by Bain Capital, a private equity investment firm that invests, through its family of funds https://www.bseindia.com/.
DTPL, with corporate office in Aurangabad, is engaged in the manufacturing and sale of auto-components in the electrical and electronics category (E & E Category) such as, wiring harnesses, automotive switches, electronic sensors and controllers (Flashers 24V), connectors, terminals, automotive cables, power cords, etc., to Original Equipment Manufacturers. DTPL also supplies wiring harnesses to the medical devices industry and the consumer durables industry https://www.nseindia.com/. Fiinews.com
