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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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 …
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 …
The Competition Commission of India (CCI) approves acquisition of additional equity shareholding by Heineken International B.V. (“HIBV”) of United Breweries Limited (“UBL”)under Section 31(1) of the Competition Act, 2002. The proposed transaction relates to HIBV’s potential acquisition of additional equity stake up to a maximum of approximately 16.40 percent shareholding in UBL. HIBV is an …
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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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 …
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 …