New Delhi, Oct 18 (PTI) Fair trade regulator CCI on Monday approved the acquisition of worldwide healthcare BPO services of Hinduja Global Solutions Ltd by Betaine B.V.

The transaction will involve the acquisition of worldwide healthcare business process outsourcing (BPO) services of Hinduja Global Solutions, along with certain assets, contracts and employees by Betaine, according to a statement.

Also Read | What Justin Fontenelle Says It Takes To Grow a Business.

Betaine has been recently incorporated in the Netherlands for the proposed transaction.

It is owned and controlled by funds comprising The Baring Private Equity Asia Fund VIII, which is a fund affiliated with Baring Private Equity Asia (BPEA).

Also Read | Technology, in Particular Semiconductors.

BPEA and its affiliates currently hold investments in various entities that are engaged in IT and IT-enabled services.

Hinduja Global Solutions is engaged in the IT and ITeS services and caters to customers across the globe, the statement added.

"Commission approves acquisition of worldwide healthcare BPO services of Hinduja Global Solutions Limited by Betaine B.V.," according to a tweet.

Separately, the Competition Commission of India has also given nod to the acquisition of Global Content Alpha Partners Holdco (GCAPH) Pte. Ltd. by Starnmeer B.V.

The proposed transaction involves "acquisition of up to the entire issued share capital of GCAPH from its existing shareholders", according to the statement.

Starnmeer is also owned and controlled by funds affiliated with BPEA.

In India, GCAPH is present through its subsidiaries -- LearningMate Solutions Pvt Ltd, SPI Technologies India Pvt Ltd, Scope e-Knowledge Center Pvt Ltd, and Scientific Publishing Services Pvt Ltd. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)