Thoughtworks' takeover by AP Funds, Temasek clears India antitrust hurdle
By Freny Patel ( November 1, 2024, 00:58 GMT | Insight) -- The acquisition of additional shareholding in Thoughtworks Holdings by Apax Partners and Singapore's sovereign wealth fund Temasek Holdings has received unconditional clearance from the Indian antitrust watchdog. The transaction, structured as a merger under US laws, was cleared by the Competition Commission of India. The deal will see Apax Partners acquiring full control of Thoughtworks with Temasek's investment arm Nevado Investments holding a minority non-controlling passive 10 percent stake in the global technology consultancy company.The acquisition of additional shareholding in Thoughtworks Holdings by Apax Partners and Singapore's sovereign-wealth fund Temasek Holdings has received unconditional clearance from the Indian antitrust watchdog....
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