{"id":18160,"date":"2024-09-17T22:15:43","date_gmt":"2024-09-17T16:45:43","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=18160"},"modified":"2024-09-17T22:15:43","modified_gmt":"2024-09-17T16:45:43","slug":"cci-approves-acquisition-by-naspers-ventures-b-v-in-vastu-housing-finance-corporation-limited","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/09\/17\/cci-approves-acquisition-by-naspers-ventures-b-v-in-vastu-housing-finance-corporation-limited\/","title":{"rendered":"CCI approves acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) has approved the proposed acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited.<\/p>\n<p style=\"text-align: justify;\">Naspers Ventures B.V. (<strong>Naspers Ventures\/ Acquirer<\/strong>) is an indirect, wholly owned subsidiary of Prosus N.V. (<strong>Prosus<\/strong>). The Acquirer is an investment holding company and its principal activity is to make investments by providing direct and indirect equity and debt funding.<\/p>\n<p style=\"text-align: justify;\">Vastu Housing Finance Corporation Limited (<strong>VHFCL\/ Target<\/strong>) is engaged in the provision of home loans, home extension loans, plot and construction loans, construction loan, loans against property, and micro\/MSME loans. It has one subsidiary, namely, Vastu Finserve India Private Limited (<strong>VFIPL<\/strong>), which is engaged\u00a0<em>inter alia<\/em>\u00a0in the provision of car loans, commercial vehicle loans, tractor loans, construction equipment loan, loans against property, etc.<\/p>\n<p style=\"text-align: justify;\">The proposed transaction involves the acquisition of less than 10% equity shareholding (on a fully diluted basis) in VHFCL by Naspers Ventures (<strong>Proposed Combination<\/strong>).<\/p>\n<p style=\"text-align: justify;\">Detailed order of the CCI will follow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved the proposed acquisition by Naspers Ventures B.V. in Vastu Housing Finance Corporation Limited. Naspers Ventures B.V. (Naspers Ventures\/ Acquirer) is an indirect, wholly owned subsidiary of Prosus N.V. (Prosus). The Acquirer is an investment holding company and its principal activity is to make investments by providing direct [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52905],"tags":[],"class_list":["post-18160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/18160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18160"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/18160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}