CCI
CCI Clears Central Bank Of India's Stake Increase In Generali Central Insurance And Life Units
The Competition Commission of India has approved the acquisition of additional shareholding in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited by Central Bank of India. According to the press release dated 3 March 2026, the proposed combination involves the acquisition of 1.09% additional equity in Generali Central Insurance Company Limited and 0.82% additional equity in Generali Central Life Insurance Company Limited by Central Bank of India. ...
Competition Commission Approves General Atlantic's Acquisition Of Stake In Balaji Wafers
The Competition Commission of India on 3 March approved the acquisition of certain shareholding in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte Ltd. According to the press release, General Atlantic Singapore BWP Pte Ltd will acquire certain shareholding in Balaji Wafers on a fully diluted basis from its existing shareholders. General Atlantic is an investment holding company incorporated in Singapore and affiliated with a group of General Atlantic investment funds. ...
CCI Approves Merger Of Hinduja Leyland Finance With NDL Ventures
The Competition Commission of India (CCI) on February 17 approved the proposed merger of Hinduja Leyland Finance Ltd (HLFL) with and into NDL Ventures Ltd (NDL).The proposed combination seeks to merge and consolidate the businesses of HLFL into NDL Ventures Limited NDL Ventures presently does not have any active business operations. Post-merger, Hinduja Leyland's business will be consolidated into NDL as part of the restructuring exercise.Hinduja Leyland Finance is a NBFC & Asset Finance...
CCI Fines Intel ₹27.38 Crore For Abuse of Dominance Over Desktop Microprocessors Warranty Policy
The Competition Commission of India (CCI) has imposed a Rs. 27.38 crore penalty on Intel Corporation for abusing its dominant position in India through an India-specific warranty policy for boxed microprocessors. The order was passed by a coram comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag. The case arose from an information filed by Matrix Info Systems Pvt. Ltd., a Delhi-based IT trading firm engaged in parallel imports of Intel products. ...
CCI Penalises Allcargo Logistics ₹50 Lakh For Closing Gati Express Deal Without Prior Approval
The Competition Commission of India (CCI) has recently imposed a penalty of Rs 50 lakh on Allcargo Logistics Limited after finding that its acquisition of the remaining stake in Gati Express led to a change from joint control to sole control and was completed without prior notification. Before the deal, Allcargo held a 70% stake in Gati Express through its subsidiary, while KWE owned the remaining 30%. Even so, the Commission noted that KWE's holding gave it the power to block special...
CCI Clears Proposed Minority Stake Acquisition in Snack Major Haldiram by L Catterton India Fund
The Competition Commission of India (CCI) has approved the proposed acquisition of a minority shareholding, on a fully diluted basis, in Haldiram Snacks Food Private Limited by L Catterton India Fund. The proposed combination involves L Catterton India Fund acquiring a non-controlling stake in Haldiram Snacks Food. The acquirer is a scheme of L Catterton India Trust, a Category II alternative investment fund registered with the Securities and Exchange Board of India, and is engaged in...
CCI Orders Investigation Into IndiGo Over Alleged Abuse of Dominance After Mass Flight Cancellations
The Competition Commission of India (CCI) on Wednesday ordered an investigation into InterGlobe Aviation Ltd., which operates IndiGo, after forming a prima facie view that the airline may have abused its dominant position by cancelling a large number of flights in early December 2025 and leaving passengers to book tickets at sharply higher fares. The order was passed by a coram comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag. At the threshold, the...
CCI Approves Tata Steel's Acquisition Of 50.01% Stake In Thriveni Pellets
The Competition Commission of India (CCI) has approved Tata Steel Limited's acquisition of 50.01% equity share capital in Thriveni Pellets Private Limited, holding that the transaction does not raise any appreciable adverse effect on competition in India, despite a limited horizontal overlap in the iron ore pellet market. The clearance allows Tata Steel to acquire a majority stake in Thriveni Pellets from Thriveni Earthmovers Private Limited. The transaction was notified under the...
CCI Approves Elliott-Managed Funds' Proposed Stake Purchase In Toyota Industries
The Competition Commission of India (CCI) has approved a proposal involving the acquisition of equity shares and voting rights in Toyota Industries Corporation by funds managed by US-based Elliott Investment Management. Under the approval, Elliott Associates L.P., Elliott International L.P. and The Liverpool Limited Partnership will acquire shares of Toyota Industries through on-market purchases on the Tokyo Stock Exchange and the Nagoya Stock Exchange. As the transaction involves the...
CCI Approves Combination Involving Bhushan Power, JSW entities And JFE Steel
The Competition Commission of India (CCI) on January 20 approved a proposed combination involving Bhushan Power and Steel Ltd, JSW Sambalpur Steel Ltd, JFE Steel Corporation and JSW Kalinga Steel Ltd. The approval relates to a multi-step transaction involving the transfer of Bhushan Power and Steel's steel business undertaking, and not the company itself, as well as the acquisition of a stake by a foreign partner. As part of the approved transaction, Bhushan Power and Steel's steel business...
CCI Imposes ₹40 Lakh Penalty On Goldman Sachs For Failure To Notify Investment In Biocon Biologics U/S 6(2) Of Competition Act
The Competition Commission of India (CCI) has penalized Goldman Sachs INR 40 lakh under Section 43A of the Competition Act, 2002, for failing to notify its investment in Biocon Biologics Limited.Background FactsGoldman Sachs AIF Scheme-1 (GS AIF) executed a Securities Subscription Agreement and a Shareholders Agreement (SHA) on 7.11.2020, and closed the transaction on 9.12.2020. Under the SHA, GS AIF gained Reserved Matter Rights, Information Rights and Access Rights. GS AIF is an investment...