According to reports, the Competition Commission of India (CCI) cleared Singapore's sovereign wealth fund Temasek and Apax Partners' proposal to acquire an additional stake in Thoughtworks Holding Inc.

ThoughtWorks is a global technology consultancy providing IT consultancy, application implementation and managed services.

CCI approves a proposed merger involving AP Funds and Temasek acquiring additional shares of Thoughtworks Holding, Inc.

Global private equity advisory firm Apax Partners (AP Funds), through its special purpose company Tasmania Midco LLC, will acquire a stake in Thoughtworks.

The London-based company has raised and advised funds with total commitments of approximately $ 80 billion.

The Apax Fund invests in companies in four global sectors: high-tech, services, healthcare, and Internet/consumer.

In August of this year, ThoughtWorks announced that an affiliate of the fund advised by Apax Partners LLP had entered into a definitive merger agreement to purchase a stake in the company for a total enterprise value of approximately US$1.75 billion.

ThoughtWorks is a global technology consulting firm that integrates strategy, design, and software engineering to help clients succeed.

For over 30 years, the company has been at the forefront of digital innovation. It has extensive experience building adaptive technology platforms, designing world-class digital products, and creating new value by harnessing the power of data and AI.

The company is committed to transforming your digital journey and making an extraordinary impact today, tomorrow, and beyond.

Thoughtworks is customer-centric in all of its activities, including partnerships. It works with carefully selected partners to provide a variety of solutions that meet clients' needs and desires. By combining global reach with a local touch, the company leverages a network of trusted partners to accelerate the scale, speed, and results it delivers to its clients.