The Indian Competition Company clears the acquisition of minority shareholdings in multiple national companies by an alternative investment fund (LGTA / Ascent / Lokprakash / Aahaan / 91Streets)

Lightstone Fund S.A. (“Lightstone”), is an alternative investment fund incorporated in Luxembourg, that was established as an umbrella fund structure with initially one sub-fund, i.e. Lightstone Global Fund (“LGF”). Lightstone does not have any direct presence in India. Lightstone is managed by its alternative fund manager i.e. LGT Capital Partners (Ireland) Ltd. (“LGT Partners”), which is an indirect wholly-owned subsidiary of LGT Group Foundation, the ultimate holding company of the LGT group of companies (“LGT Group”). In 2019, LGT Group acquired a majority interest