CCI approves acquisition of Marnix Lux by Concentrix Corp and shareholding in combined company by shareholders of Marnix Lux
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of Marnix Lux by Concentrix Corporation and shareholding in the combined company by the shareholders of Marnix Lux.
The proposed combination envisages the indirect acquisition of Marnix Lux SA (Marnix Lux) by Concentrix Corporation and the acquisition of approximately 22% shareholding in the combined company by the shareholders of Marnix Lux.
Concentrix Corporation is a USA-based publicly listed company.
It is said to be engaged in providing customer experience services, a segment of Information Technology and Information Technology enabled Services.
Marnix Lux is the parent company of Webhelp S.A.S. (Webhelp).
Webhelp is said to be active in the provision of business process outsourcing services and specialised services.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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