CCI approves acquisition by CPPIB India Pvt Holdings Inc. of certain shareholding in Ctrl S Datacenters Ltd.
The Competition Commission of India (CCI) has approved acquisition by CPPIB India Private Holdings Inc. of certain shareholding in Ctrl S Datacenters Limited.
The proposed combination contemplates acquisition by CPPIB India Private Holdings Inc. (CIPH) of certain shareholding in Ctrl S Datacenters Limited (Ctrl S).
CIPH is a Canadian corporation and a wholly owned subsidiary of CPPIB. CIPH is an investment holding company. CPPIB is a professional investment management organization that manages the Canada Pension Plan Fund. CPPIB invests in public equities, private equities, real estate, infrastructure, and fixed income instruments.
Ctrl S is engaged in the provision of data center and colocation services and managed services like cloud optimization services, GPU private cloud, remote IT infrastructure services, backup services, etc. in India.
Detailed order of the Commission will follow.
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NB/ONP