The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel's proposal to acquire a stake in STT GDC.
ST Telemedia Global Data Centres (STT GDC) is a wholly-owned subsidiary of Singapore Technologies Telemedia.
STT GDC through its indirect subsidiary STT Global Data Centres India Pvt Ltd (STT GDC India) provides critical services, including high-quality colocation, connectivity, and round-the-clock support services.
Global investment firm KKR through its arm Ruby Asia Holdings II is acquiring a stake in the company.
"Commission approves acquisition of shares of STT GDC Pte Ltd by Ruby Asia Holdings II Pte Ltd and Singtel Interactive Pte Ltd subject to compliance of certain voluntary commitments submitted by the parties," CCI said in a release.
Singtel Interactive Pte (Singtel) is a wholly-owned subsidiary of Singtel Telecommunications Ltd.
The Singtel Group is an Asian communications technology group, operating connectivity, digita