On Tuesday, the Competition Commission of India (CCI) approved Caladium Investment, a GIC investor, to buy a 7.49% stake in Aditya Birla Fashion and Retail.
A special purpose vehicle called GIC Investor, organized in Singapore as a limited liability company is a member of a group of investment holding companies managed by GIC Special Investments Private Limited (GICSI)
The antitrust watchdog said in a statement that it had approved Caladium Investment Ltd’s approximately 7.49% stake. in Aditya Birla Fashion and Retail Limited on a fully diluted basis through the preferential issuance of shares and warrants.
Lathe Investment Private Limited, a company wholly controlled by GIC (Ventures) Private Limited, is the sole owner of Caladium Investment.
Aditya Birla Fashion and Retail Limited, is a listed company that operates across India through its retail stores, as well as distribution through its Exclusive Outlets and Pantaloons Stores, Multi-Brand Outlets, Stores in departmental stores, own online retail platforms and third-party e-commerce marketplaces, is involved in the manufacturing and retailing of branded apparel, footwear and accessories.
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