The Competition Commission of India (CCI) has approved the proposed acquisition by Atlas 2022 Holdings Limited to increase its voting rights/shareholding in Vodafone Group Plc. Atlas 2022 Holdings is a wholly-owned subsidiary of Emirates Telecommunications Group Company PJSC (e&). It was incorporated for the purpose of acquiring and holding e&’s current 14.6 per cent interest in Vodafone.
The proposed combination relates to Atlas’s acquisition to increase its voting rights/shareholding in Vodafone from 14.6 per cent to less than 25 per cent in Vodafone Group through a series of on-market and/or off-market transactions.
