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CCI approves Ares SSG Capital Management (Singapore) Pte. Ltd to acquire Altico Capital India Limited. Read the official announcement given below: The Competition Commission of India (CCI) approves acquisition of Altico Capital India Ltd (Altico) by Ares SSG Capital Management (Singapore) Pte. Lt
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FAQ :
The Competition Commission of India (CCI) has approved the acquisition.
Ares SSG Capital Management (Singapore) Pte. Ltd is acquiring Altico Capital India Limited.
Ares SSG's identified entities will acquire Altico's loan assets.
Altico Capital India is an NBFC that provided loans and financing to small and medium-sized corporates in India's real estate sector.
Ares SSG is an alternative asset management firm focused on investing in the Asia Pacific region and is a leading alternative credit asset manager.
The acquisition was approved under Section 31(1) of the Competition Act, 2002.
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