CCI

Factionalism in Market is A Big Problem: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman made a big statement in the annual program of Competition Commission of India (CCI). She said that the trend of gang working or factionalism in the market is a matter of concern and it will be very challenging to deal with it. During her address at the 13th Annual Function of …

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CCI imposes Rs 200 crore penalty on Maruti for voilation of the provisions of Competition Act, 2002

CCI imposes Rs 200 crore penalty on Maruti for restricting discounts by dealers The Competition Commission of India (CCI) passed a final order against Maruti Suzuki India Limited (MSIL) for indulging in anti-competitive conduct of Resale Price Maintenance (RPM) in the passenger vehicle segment by way of implementing Discount Control Policy vis-à-vis dealers, and accordingly, …

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CCI approves acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust

CCI approves acquisition of Bikaji FIL by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust under Section 31(1) of the Competition Act, 2002

The Competition Commission of India (CCI) approves acquisition by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust (Lighthouse Employee Trust) (collectively referred to as Acquirers) of Bikaji Foods International Limited (Target) under Section 31(1) of the Competition Act, 2002, yesterday. The Proposed Combination involves acquisition of additional 2.727% of equity shareholding in …

CCI approves acquisition of Bikaji FIL by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust under Section 31(1) of the Competition Act, 2002 Read More »

CCI Approves Acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust

CCI Approves Acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust

The Competition Commission of India (CCI) approves acquisition by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust (Lighthouse Employee Trust) (collectively referred to as Acquirers) of Bikaji Foods International Limited (Target) under Section 31(1) of the Competition Act, 2002, yesterday. The Proposed Combination involves acquisition of additional 2.727% of equity …

CCI Approves Acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust Read More »

CCI

Acquisition of SB Energy Holding Limited by Adani Green Energy Limited gets CCI approval

The Competition Commission of India (CCI) approved the acquisition of SB Energy Holding Limited (“Target”)  by Adani Green Energy Limited (“Acquirer”) under Section 31(1) of the Competition Act, 2002. The Proposed Combination envisages the acquisition of the entire (i.e., 100%) shareholding of the Target by the Acquirer from the Target’s existing shareholders. The Acquirer is …

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CCI

Merger of Tech Data Corporation with SYNNEX Corporation gets CCI approval

The Competition Commission of India (CCI) approves the merger of Tech Data Corporation (Tech Data) with SYNNEX Corporation (SYNNEX) under Section 31(1) of the Competition Act, 2002. The Proposed Combination is a merger within the meaning of Section 5(c) of the Competition Act, 2002. It will be effected through the following steps: Merger of Sub …

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CCI

Acquisition of Zuarinagar plant of Zuari Agro Chemicals Limited by Paradeep Phosphates Limited gets CCI approval

The Competition Commission of India (CCI) approves acquisition of the Zuarinagar plant of Zuari Agro Chemicals Limited by Paradeep Phosphates Limited. The proposed combination envisages acquisition of the Zuarinagar, Goa plant of Zuari Agro Chemicals Limited (ZACL) by Paradeep Phosphates Limited (PPL). As a result of the acquisition, PPL shall acquire business of developing and …

Acquisition of Zuarinagar plant of Zuari Agro Chemicals Limited by Paradeep Phosphates Limited gets CCI approval Read More »

magma-hdi-general-insurance

CCI approves acquisition of Magma HDI General Insurance Company Limited

The Competition Commission of India (CCI) approves acquisition in Magma HDI General Insurance Company Limited (Magma HDI) by India Advantage Fund S4 I (IAF S4 I) & Dynamic India Fund S4 US I (DIF) through a special purpose vehicle and by NHPEA Trisul Holding B.V (NTH). The following Proposed Combination involving an acquisition of is …

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CCI

CCI approves acquisition of Mphasis Limited by BCP Topco IX Pte. Ltd. (BCP Topco), Waverly Pte Ltd. (GIC Investor) and Platinum Owl C 2018 RSC Limited (ADIA Investor)

The Competition Commission of India (CCI) approves acquisition by BCP Topco IX Pte. Ltd.(BCP Topco), Waverly Pte Ltd. (GIC Investor) and Platinum Owl C 2018 RSC Limited(ADIA Investor)(‘Acquirers’) of Mphasis Limited (‘Target’) under Section 31(1) of the Competition Act, 2002, today. The proposed transaction pertains to the acquisition of up to 75% shareholding in the …

CCI approves acquisition of Mphasis Limited by BCP Topco IX Pte. Ltd. (BCP Topco), Waverly Pte Ltd. (GIC Investor) and Platinum Owl C 2018 RSC Limited (ADIA Investor) Read More »

CCI

CCI approves exchange of equity shareholding by existing shareholders of ReNew Power with shares of ReNew Global, along with a reverse triangular merger of subsidiary of ReNew Global with RMG II

The Competition Commission of India (CCI) approves exchange of equity shareholding by existing shareholders of ReNew Power with shares of ReNew Global, along with a reverse triangular merger of subsidiary of ReNew Global with RMG II. ReNew Global is a newly incorporated special purpose acquisition company. It was incorporated for the purpose of effecting a …

CCI approves exchange of equity shareholding by existing shareholders of ReNew Power with shares of ReNew Global, along with a reverse triangular merger of subsidiary of ReNew Global with RMG II Read More »

CCI

CCI approves acquisition of 51% of the equity share capital by Tata Power Company Limited in Western Electricity Supply Company of Odisha, Southern Electricity Supply Company of Odisha Limited and Central Electricity Supply Company of Odisha Limited

The Competition Commission of India (CCI) approves acquisition of 51% of the equity share capital in each of the three Electricity Supply Companies of Odisha. viz Western Electricity Supply Company of Odisha (“WESCO Utility”), Southern Electricity Supply Company of Odisha Limited (“SOUTHCO Utility”) and Central Electricity Supply Company of Odisha Limited (“CESCO Utility”)  by The …

CCI approves acquisition of 51% of the equity share capital by Tata Power Company Limited in Western Electricity Supply Company of Odisha, Southern Electricity Supply Company of Odisha Limited and Central Electricity Supply Company of Odisha Limited Read More »

Byjus

CCI approves BYJU’S acquisition of certain stake of Aakash Educational Services Limited (AESL) and merger of BYJU’s and AESL

The Competition Commission of India (CCI) today,  approves the proposed combination relating to Think & Learn Private Limited (BYJU’S) acquisition of certain stake of Aakash Educational Services Limited (AESL) and thereafter merger of BYJU’s and AESL under Section 31(1) of the Competition Act, 2002. The proposed combination will result in merger of AESL into BYJU’S, …

CCI approves BYJU’S acquisition of certain stake of Aakash Educational Services Limited (AESL) and merger of BYJU’s and AESL Read More »

CCI

Public Comments Invited to Review of the Extant Confidentiality Regime as Provided in Regulation 35 of the Competition Commission of India (General) Regulations, 2009 Extended by One Month due to COVID-19 Pandemic

Reference to the Press Release issued on 13.04.2021 (Link: https://pib.gov.in/PressReleasePage.aspx?PRID=1711420) by the Competition Commission of India (CCI) on the subject cited above whereby a detailed draft proposal for introducing setting up of a Confidentiality Ring was put on the website of the Commission (www.cci.gov.in) for public consultation alongwith a draft of the revised Regulation 35 …

Public Comments Invited to Review of the Extant Confidentiality Regime as Provided in Regulation 35 of the Competition Commission of India (General) Regulations, 2009 Extended by One Month due to COVID-19 Pandemic Read More »

CCI

CCI approves the acquisition of YES Asset Management (India) Limited and YES Trustee Limited by GPL Finance and Investments Limited

The Competition Commission of India (CCI) approves the acquisition of YES Asset Management (India) Limited (YES AMC) and YES Trustee Limited(YES Trustee) by GPL Finance and Investments Limited(GPL) today. The proposed combination envisages acquisition of 100% equity shares of YES AMC and YES Trustee by GPL. By way of these acquisitions, GPL will acquire Yes …

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CCI

CCI approves acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited

The Competition Commission of India (CCI) approves the proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited. The proposed combination envisages acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited (Target) by Adani Ports and Special Economic Zone Limited (Acquirer). The Acquirer is a …

CCI approves acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited Read More »

bigbasket

Competition Commission of India approves 64 percent acquisition of BigBasket by Tata Digital

The Competition Commission of India (CCI) has approved the acquisition by Tata Digital of upto 64.3 percent of Supermarket Grocery Supplies (SGS) and its sole control over Innovative Retail Concepts (IRC), the company that runs the Bigbasket.The proposed combination involves acquisition through a combination of primary and secondary acquisitions in one or more series of …

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CCI

Cabinet approves MoU between CCI and CADE

Cabinet approved the MoU between Competition Commission of India (CCI) and Administrative Council for Economic Defense of Brazil, (CADE). Section 18 of the Competition Act, 2002 permits CCI to enter into any Memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the …

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