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

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