A PYMNTS Company

Indian Watchdog Approves Concentrix-Marnix Lux Deal

By  |  July 4, 2023

The Competition Commission of India (CCI) announced on Tuesday that it has approved the proposed deal between Concentrix Corporation and Marnix Lux. Concentrix Corporation, a customer experience services company based in the US, plans to indirectly acquire Marnix Lux and for Marnix Lux shareholders to acquire around 22% shareholding in the combined entity, according to an official release.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Related: A Competition Law for Shaping the Future of the Indian Economy: Competition Commission of India 2.0

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Marnix Lux is the parent company of Webhelp S.A.S., which operates in the business process outsourcing services and specialized services segment.

    Deals above a certain threshold must be approved by the regulator, which monitors unfair business practices and encourages fair competition in the marketplace.