The Competition Commission of India (CCI) has deemed approved the green channel notice filed by Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Private Limited in relation to internal restructuring of IBM Corporation.
International Business Machines Corporation (IBM Corporation/ seller) plans to spin off its global MIS Business into a new public company, within the framework of an international corporate internal re-organisation. The target structure will be achieved by a separation of the said MIS Business into newly incorporated companies, i.e., Kyndryl Holdings LLC (Kyndryl) and Grand Ocean Managed Infrastructure Services Private Limited (Ocean India) (collectively referred as acquirers) (Proposed Transaction), a…
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