Consequent upon issuance of Request for Proposal to conduct a Market Study on Artificial Intelligence (AI) and Competition in April this year, the Competition Commission of India (CCI) has completed the process for selecting an agency for the same and accordingly, Management Development Institute Society (MDIS) has been engaged to conduct the …
Read More »CCI Approves Advent’s Acquisition in Apollo Healthco and Keimed Merger
The Competition Commission of India (CCI) has approved the proposed combination involving acquisition by Advent (through Rasmeli) in Apollo Healthco, acquisition by Apollo Healthco in Keimed and Merger of Keimed into Apollo Healthco. Rasmeli Limited (Rasmeli) is an entity incorporated in Cyprus with the principal activity of holding investments and has …
Read More »CCI Greenlights Mango Crest’s Acquisition of Shriram Housing Finance Stake
The Competition Commission of India (CCI) has approved the acquisition of shareholding in Shriram Housing Finance Limited by Mango Crest Investment Ltd. Mango Crest Investment Ltd. is a company incorporated in the Republic of Mauritius. The principal business activity of the Acquirer is undertaking investment holding activities. Shriram Housing Finance Limited …
Read More »CCI Approves Sanlam Emerging Markets’ Acquisition of 16.12% Stake in Shriram GI Holdings Private Limited
The Competition Commission of India (CCI) has approved the proposed acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited. The proposed combination envisages the acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited (SGIH) by Sanlam Emerging Markets (Mauritius) Limited (SEMM) from its existing shareholders. …
Read More »CCI approves acquisition of ordinary shares of Berhyanda and Berhyanda MidCo by Platinum Poppy
The Competition Commission of India (CCI) has approved the acquisition, inter alia, of ordinary shares of Berhyanda Limited (Berhyanda) and Berhyanda MidCo Limited (Berhyanda MidCo) by Platinum Poppy C 2024 RSC Limited (Platinum Poppy). The Proposed Combination involves the acquisition of ordinary shares in, and extension of shareholder debt to Berhyanda …
Read More »CCI approves indirect controlling acquisition of Arjas Steel Private Limited and Arjas Modern Steel Private Limited
The Competition Commission of India (CCI) has approved the indirect controlling acquisition of Arjas Steel Private Limited and Arjas Modern Steel Private Limited by The Sandur Manganese & Iron Ores Limited and BAG Holdings Private Limited. The Proposed Combination relates to the acquisition of control of Arjas Steel Private Limited (ASPL) …
Read More »CCI approves acquisition of certain equity shares of Cigniti by Coforge
The Competition Commission of India (CCI) has approved acquisition of certain equity shares of Cigniti Technologies Limited (Cigniti) by Coforge Limited (Coforge). The proposed transaction relates to the acquisition of at least 50.21% and up to 54% shareholding on a fully diluted basis of Cigniti by Coforge pursuant to the …
Read More »CCI approves acquisition of WeWork India shares by Real Trustee and Volrado III, and 100% share capital of OAW by Embassy Buildcon
The Competition Commission of India (CCI) has approved the acquisition of (i) certain share capital of WeWork India Management Private Limited (WeWork India) by Real Trustee Advisory Company Private Limited (Real Trustee) (in its capacity as trustee for Volrado Venture Partners Fund II (Volrado II); and (ii) Volrado Venture Partners …
Read More »CCI Approval for Realignment within Godrej Group Entities
The Competition Commission of India (CCI) has approvedthe proposed combination involving realignment of interests, legal ownership, and management of various entities within the Godrej group. The proposed combination relates to realignment of interests, legal ownership, and management of various entities within the Godrej group pursuant to an inter-se arrangement between the …
Read More »Attorney General for India R. Venkataramani delivers Keynote address at 15th Annual Day commemoration of Competition Commission of India
The Attorney General for India, Shri R. Venkataramani, delivered the special address at the 15th Annual Day commemoration of the Competition Commission of India (CCI) as Chief Guest, in New Delhi, today. In his address, Shri Venkataramani spoke about how the need for regulation of competition has travelled domains of prevention …
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