19 May 2023
Competition Commission of India (CCI) on Friday said it has approved the stake
acquisition in Zetwerk Manufacturing Businesses by AZK4 LLC.
The deal has been approved under the green channel route.
AZK4 LLC is an investment vehicle managed by a US-based Avenir management company.
The proposed transaction relates to AZK4 LLC (acquirer) subscription to and purchase of 2.96 per cent of
Zetwerk's shareholding through a combination of primary and secondary transactions, according to a CCI
notice.
Zetwerk is a manufacturing services provider and caters to businesses in the precision parts, capital goods
and consumer goods categories.
Competition Commission of India (CCI) on Friday said it has approved the stake
acquisition in Zetwerk Manufacturing Businesses by AZK4 LLC.
The deal has been approved under the green channel route.
AZK4 LLC is an investment vehicle managed by a US-based Avenir management company.
The proposed transaction relates to AZK4 LLC (acquirer) subscription to and purchase of 2.96 per cent of
Zetwerk's shareholding through a combination of primary and secondary transactions, according to a CCI
notice.
Zetwerk is a manufacturing services provider and caters to businesses in the precision parts, capital goods
and consumer goods categories.
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