The Competition Commission of India (“CCI”) vide Press Release No. 104/2024-25[1], dated March 04, 2025, approved the proposed acquisition by Alpha Wave Ventures II, LP (“AWV II”) of a 12.44% (twelve-point four four percent) shareholding in Advanta Enterprises Limited (“Advanta”).
The entities involved in the proposed acquisition include:
- AWV II is the flagship global private equity fund managed by Alpha Wave Ventures GP (a joint venture between Alpha Wave Global, LP, and Lunate Holding RSC Ltd.). AWV II focuses on investing in growth-stage companies that demonstrate strong potential.
- Advanta is engaged in the breeding, production, research, development, and commercialization of seeds and seed varieties. Advanta is involved in the sale, purchase, export, and import of such agricultural products.
[1] https://www.cci.gov.in/media-gallery/press-release/details/491/0