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India: HCL-Geometric deal gets CCI green signal

By  |  August 22, 2016

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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