New Delhi, Mar 5
The Competition Commission of India (CCI) has given its approval for Alpha Wave Ventures II, LP (AWV II) to acquire a 12.44% shareholding in Advanta Enterprises Limited. AWV II is a global private equity fund managed by Alpha Wave Ventures GP, which is a joint venture between Alpha Wave Global, LP and Lunate Holding RSC Ltd. The fund primarily invests in high-growth companies with a long-term focus.
Advanta Enterprises is a company engaged in the research, breeding, production, and commercialization of various seed varieties. The acquisition is expected to support the company’s expansion and innovation in the agricultural sector. The CCI’s detailed order regarding the approval will be issued in due course.
(Source: PIB)
