Page 12 - Competition Commission Of India

CCI approves Flipkart's 7.8% acquisition of Aditya Birla Fashion and Retail

On completion of this transaction, Aditya Birla Fashion would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020

CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail

Amazon and Flipkart can't directly acquire assets under FDI rules, so they are doing smaller strategic stake deals with offline retailers, hoping to acquire offline assets when rules change

Charges of having preferred sellers baseless: Amazon Lawyer to Karnataka HC

The High Court is hearing the petition filed by CCI for the probe against e-commerce firms Amazon and Flipkart. The matter will be heard next on January 21, 2021

Competition Commission gives nod to 8% acquisition of API Holdings by TPG

API Holdings is the parent entity of API Holdings Group and of Pharmeasy, a leading e-pharmacy player

CCI dismisses unfair practices complaint against 4 credit rating agencies

CCI dismissed a complaint alleging that Crisil, India Ratings, Care Ratings, and ICRA indulged in unfair business practices

Competition Commission to release study on telecom sector shortly

One of the key trends that has emerged is the vertical integration between telcos and digital solution providers

Carlsberg, SABMiller, UB colluded to fix beer prices in India: CCI report

Top executives of Carlsberg, SABMiller and India's United Breweries exchanged commercially sensitive information and colluded to fix beer prices in India for 11 years, according to an antitrust report

India antitrust body raids cement giants UltraTech, LafargeHolcim: Report

India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said

Karnataka HC to hear CCI petition against Amazon, Flipkart in January

In October, the CCI appealed in the Supreme Court against the Karnataka High Court's interim stay on its probe against the e-commerce firms

Competition Commission to study ownership patterns of PE investors

CCI wants to gauge the 'common underlying incentive and motivations' of a private equity player behind PE investments

Flipkart India revenue grew 12% to Rs 34,610 cr in FY20; losses dropped 18%

The company's total expenses for the year were reported at Rs 37,760 crore. During FY20, the company allotted total equity shares worth Rs 4,455 crore to Flipkart Private Limited Singapore

CCI gives nod to Reliance-Future deal amid legal battle with Amazon

The two players have said that they will go ahead with the regulatory process despite Amazon's objections

Grasim Industries to sell fertiliser biz to Indorama Corp for Rs 2,649 cr

It's a slump sale and a major value-unlocking exercise for Grasim, allowing it to pursue growth opportunities in its core businesses

CCI approves Google's 7.7% stake acquisition in Jio Platforms

Deals beyond a certain threshold require approval from the CCI, which keeps a tab on unfair business practices across sectors

Decoded: Why Google Pay is under Competition Commission's scanner

The regulator has received complaints against Google on six counts for breaking antitrust rules

India's antitrust agency to probe Google for payment app's practices

Section 4 of the Competition Act pertains to abuse of dominant market position

Hear CCI plea for vacating stay on probe against Amazon, Flipkart: SC to HC

SC has asked the High Court to decide on the matter within a period of six weeks

Nxtra Data shares issued to Carlyle affiliated entity post CCI nod: Airtel

On July 1, Airtel had announced that Carlyle Group will acquire about 25 per cent stake in its data centre business, Nxtra Data, for USD 235 million

CCI clears acquisition of solar energy assets by Adani Green-Total Solar JV

Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar. Adani Green Energy Twenty Three Ltd -- a joint venture of Total Solar Singapore Pte Ltd and Adani Green Energy Ltd -- will buy the assets from Adani Green Energy Ltd. According to a combination notice filed with the watchdog, Adani Green Energy Twenty Three Ltd will acquire 100 per cent shareholding of ten target companies. Adani Green Energy Ten Ltd is the holding entity of the target companies. In a tweet on Tuesday, CCI said it has approved "acquisition of solar energy generation assets by Adani Green Energy Twenty Three Ltd - a joint venture of Total Solar Singapore Pte. Ltd. & Adani Green Energy Limited". Pursuant to the proposed combination, AGE23L will acquire 100 per cent of the share capital of Adani Green Energy Ten Ltd (AGE10L), which is the holding entity of the target companies.

Competition Commission rejects ILMA complaint against 19 chemical importers

CCI disposed of a complaint filed by the Indian Laminate Manufacturer's Association (ILMA) alleging formation of a cartel among 19 importers of phenol, a major raw material for making sunmica