CCI clears stake acquisition in VVDN Technologies by IBEF-IV

CCI has granted clearance for stake acquisition of VVDN Technologies by India Business Excellence Fund IV (IBEF-IV) through the green channel rou­te. According to CCI, the proposed combination involves IBEF-IV acquiring shareholding in VVDN Technologies through secondary share purchases of equity shares and subscription to compulsorily convertible debentures.