Competition Commission has cleared IT company HCL Technologies’ equity swap deal to buy the business of Geometric Ltd.
The deal excludes Geometric’s 58% stake in 3DPLM Software Solutions Ltd – a joint venture with Dassault Systems.
The fair trade regulator has also approved the merger of remaining undertaking of Geometric with 3DPLM. Dassault is to have 100% stake in the 3DPLM.
Competition Commission of India “approves acquisition by HCL of certain undertakings of Geometric & merger of remaining undertaking of Geometric with 3DPLM,” the watchdog said in a tweet.
Full Content: Economic Times
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