The Competition Commission of India (CCI) has approved the 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 members of the Family … Read more
The Competition Commission of India (CCI) has approved subscription to Compulsory Convertible Debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by International Finance Corporation (IFC). IFC is an international organisation, established in 1956 to further economic growth in its developing member countries by promoting private sector development. It is a member of the World … Read more
To launch a Market Study to understand the ecosystem around Artificial Intelligence and Competition in India, the Competition Commission of India (CCI) invites proposals for engagement of an Agency/ Institution for conducting the study. The last date for submission of proposals is 03.06.2024 (by 05:00 PM). The Competition Commission of India (CCI) will launch a … Read more
Fair trade regulator Competition Commission of India (CCI) on Tuesday said it has approved Axis Bank’s proposed acquisition of a stake in Max Life Insurance Company Ltd. Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future … Read more
The Competition Commission of India (CCI) has approved 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited. The Adani Power Limited (Acquirer), a part of the Adani Group, is a company incorporated under the laws of India. The Acquirer is engaged in the business of thermal power generation in India. The Acquirer operates its … Read more
The Competition Commission of India (CCI) has approved the subscription of compulsorily convertible preference shares of API Holdings Limited by MacRitchie Investments Pte. Ltd. and EvolutionX Debt Capital Master Fund 1 Pte. Ltd. The proposed transaction entails the subscription of compulsorily convertible preference shares of the API Holdings Limited (Target) by MacRitchie Investments Pte. Ltd. … Read more
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU). The Proposed Combination involves the merger of Fincare and AU, with AU being the surviving entity (merged entity). The shareholders of Fincare will be allotted shares in the merged entity, post … Read more
The Competition Commission of India (CCI) has approved 100% acquisition of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The proposed combination relates to the acquisition of 100% of the Wistron Infocomm Manufacturing (India) Private Limited’s (Target) equity share capital from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited by … Read more
The Competition Commission of India (CCI) has approved acquisition of additional shareholding in CaratLane Trading Private Limited (CaratLane) by Titan Company Limited (Titan), today. The proposed combination relates to the acquisition by Titan of 27.18% share capital of CaratLane (a subsidiary of Titan), on a fully diluted basis, from Mr. Mithun Padam Sacheti, Mr. Siddhartha … Read more