The Competition Commission of India has approved the acquisition of certain shareholding of IL JIN Electronics (India) Private Limited (IL JIN/Target) by ChrysCapital Fund X (CC Fund X), Two Infinity Partners (Two Infinity), and Raptor Investments Limited (Raptor) (collectively Acquirers).

The Proposed Combination pertains to the acquisition by the Acquirers, collectively, of certain compulsorily convertible preference shares and equity shares in IL JIN.

Acquirers are private equity investors.

Target provides electronic manufacturing services, including the manufacturing of printed circuit board (PCB) assemblies, PCBs, and box-built products, which are set-top boxes, smart watches, micro-inverter smart meters, routers, chargers, and true wireless speakers. Further, Target is also engaged in the provision of energy solutions, including uninterrupted power supply, solar inverters, battery energy storage systems, electric vehicle chargers, and industrial software and hardware automation solutions through its relevant entities.

Detailed order of the Commission will follow.

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NB/PK

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