The Competition Commission of India (CCI) on Tuesday approved French IT services major Capgemini's proposal to acquire full ownership of Singapore-based Cloud4C.

The development came after Capgemini in August this year announced that it has signed an agreement to acquire Cloud4C, a leader in hybrid cloud platform services.

"The proposed combination relates to the acquisition of 100 per cent of the shares of Cloud4C Services Pte Ltd (Target 1) and Cloud4C Services Pvt Ltd (Target 2) by Capgemini SE," CCI said in a release.

Capgemini SE, is the ultimate parent entity of the Capgemini group.

"Commission approves proposed acquisition of Cloud4C Services Pte Ltd and Cloud4C Services Pvt Ltd by Capgemini SE," the regulator said in a post on X.

Headquartered in Paris, Capgemini is a leading

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