TIGA Investments gets CCI’s nod to acquire stake in Dream11

The U.S.-based Dream Sports activities conducts its operations via its subsidiary in India, Sporta Applied sciences Pvt Ltd. DSI, a sports activities tech firm, which owns a portfolio of main manufacturers like Dream11 . Photograph: X/@Dream11

The Competitors Fee of India (CCI) has granted nod to Singapore-based TIGA Investments’ proposal to amass a stake in Dream11’s guardian firm Dream Sports activities Inc.

The deal was cleared by CCI underneath the inexperienced channel route.

The transaction pertains to the acquisition by Tiga Acquisition Corp III (Tiga) of sure most well-liked inventory of Dream Sports activities Inc (DSI), together with sure rights, from an present shareholder of DSI, the regulator mentioned in a discover on Monday (September 23, 2024).

Nonetheless, the fair trade regulator CCI didn’t reveal the title of the prevailing shareholder.

The U.S.-based Dream Sports activities conducts its operations via its subsidiary in India, Sporta Applied sciences Pvt Ltd. DSI, a sports activities tech firm, which owns a portfolio of main manufacturers like Dream11 and FanCode.

Sporta is primarily concerned within the provision of on-line gaming and allied digital engagement companies in India.

TIGA Investments (TIGA) focuses on making long-term investments in differentiated companies with robust administration groups.

Tiga can be the sponsor of TIGA Acquisition Corp, an NYSE-listed particular objective acquisition firm. It offers non-public debt and fairness funding throughout the Asia Pacific.

“The events and their respective group entities and associates should not have any horizontal overlaps, present or potential vertical linkages and present or potential complementary enterprise actions in India. The proposed transaction is unlikely to trigger any considerable hostile impact on competitors in India,” CCI mentioned.

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Accordingly, the transaction is being notified to the Fee underneath the inexperienced channel route.

Underneath this route, a transaction that doesn’t elevate any threat of an considerable hostile impact on competitors is deemed to be authorized on being intimated to the fair-trade regulator.