Competition Commission of India

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 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 …

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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 …

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CCI

Additional equity shareholding acquisition of United Breweries Limited by Heineken International B.V. approved by CCI

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 …

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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

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 »

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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