My Bday Offer- Use Code MYBDAY30

Register Now

CCI approves Multiples Fund III and CPHI-4 investments in Acko Technology

Published on May 27, 2023
Current Context: Competition Commission of India (CCI) has approved the acquisition of additional Series E compulsorily convertible preference shares of Acko Technology & Services Private Limited (Acko) by Multiples Private Equity Fund III (Multiples Fund III) and CPP Investment Board Private Holdings (4) Inc.
CCI approves Multiples Fund III and CPHI-4 investments in Acko Technology
  • Acko is a company that provides technology and outsourced services for insurance and vehicle transactions.
  • Multiples Fund III is a Category II Alternative Investment Fund managed by Multiples Alternate Asset Management Private Limited. CPHI-4 is a wholly-owned subsidiary of Canada Pension Plan Investment Board, a global investment management organization.

Question:

Q.1 What is the name of the regulatory body that approved the deal?
a. Securities and Exchange Board of India (SEBI)
b. Reserve Bank of India (RBI)
c. Competition Commission of India (CCI)
d. Insurance Regulatory and Development Authority of India (IRDAI)
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu