A notice was filed by Savex Technologies Private Limited, India (“Savex/ Acquirer”) pursuant to Share Purchase Agreement executed between Savex, Inflow Technologies Private Limited, India (“Inflow”) and the existing shareholders of Inflow; and Shareholders Agreement executed between Savex, Inflow and the continuing Inflow shareholders. The notice envisages acquisition of 100% shareholding of Inflow by Savex (“Proposed Combination”). Savex is a private limited company engaged in the distribution of Information and Communication Technologies (“ICT”) products. It largely caters to the consumer and mixed segment and functions as an intermediary between Original Equipment Manufacturers (“OEMs”)/ Original Brand Manufacturers (“OBMs”)
The Indian Competition Authority unconditionally approves takeover of a national ICT distribution company by competitor (Savex Technologies / Inflow Technologies)
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