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The Competition Commission of India has provided its approval to the proposed merger of Computer Science Corporation (CSC) with Hewlett Packard’s enterprise service segment, the would be creating one of the world’s leading pure play IT services companies.
As per the deal which was announced in May, CSC would merge with Everett Spinco- a wholly-owned subsidiary of Hewlett Packard Enterprise (HPE) that holds the enterprise service business.
The Competition Commission of India has said in a tweet that the “demerger of Enterprise Service Business of HPE into Everett Spinco; the latter to become subsidiary of CSC.”
