TIGA Investments receives CCI’s clearance to acquire stake in Dream11

The Competition Commission of India (CCI) has granted a nod to Singapore-based TIGA Investments’ proposal to acquire a stake in Dream11’s parent company Dream Sports Inc.

The deal was cleared by CCI under the green channel route.

The transaction pertains to the purchase by Tiga Acquisition Corp III (Tiga) of certain preferred stock of Dream Sports Inc (DSI), along with certain rights, from an existing shareholder of DSI, the regulator said in a notice on September 23.