The Indian Competition Authority clears acquisition of an investment management company by an online trading platform (Nextbillion / Indiabulls)

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Indian Competition Authority, Nextbillion / Indiabulls, Combination Registration No. C-2021/06/844, 9 September 2021

Nextbillion Technology Private Limited (“Acquirer/Nextbillion”), and Indiabulls Asset Management Company Limited (“Indiabulls AMC”) and Indiabulls Trustee Company Limited (“Indiabulls Trustee”), collectively (“Targets”), jointly filed a notice pursuant to execution of Share Purchase Agreement between Nextbillion, Indiabulls AMC, Indiabulls Trustee and Indiabulls Housing Finance Limited (“Seller/IHFL”). The notice envisages acquisition of 100% shareholding of Indiabulls AMC and Indiabulls Trustee by Nextbillion (“Proposed

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Charanya Lakshmikumaran, Aditya Bhattacharya, Neelambera Sandeepan, Badri Narayanan, The Indian Competition Authority clears acquisition of an investment management company by an online trading platform (Nextbillion / Indiabulls), 9 September 2021, e-Competitions September 2021, Art. N° 106186

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