Page 3 - Cci

Dentsu India admits to being CCI whistleblower in ad cartel investigation

Dentsu India confirms it approached CCI under the leniency programme, triggering cartel investigation into media buying agencies and ad rate collusion

In a first, CCI probes allegations against quick-commerce companies

The CCI had asked the distributor's body for details on relevant market share of each of the quick commerce players in the FMCG industry

CCI okays Mahindra's proposal to buy 59% stake in SML Isuzu for ₹555 cr

The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra's proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Limited (acquirer)," CCI said in a release. Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc. "CCI approves the proposed combination involving acquisition of SML Isuzu Ltd by Mahindra and Mahindra Ltd," the regulator said in a post on X. In April, the Mumbai-based automaker Mahindra & Mahindra said it would acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors, ...

CCI clears Delhivery's ₹1,400 crore acquisition of Ecom Express stake

Fair trade regulator CCI on Tuesday cleared logistics services provider Delhivery's proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore. "The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd (Ecom) by Delhivery Ltd," the Competition Commission of India (CCI) said in a release. Delhivery is an integrated logistics player and provides a full-range of logistics services while Ecom Express is an unlisted entity which provides logistics solutions to the Indian e-commerce industry. "CCI approves acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd by Delhivery Ltd," the competition watchdog said in a post on X. In April, Delhivery announced the acquisition of Ecom Express for a cash consideration of about Rs 1,400 crore to scale up its business. The company said it has "signe

Digital competition Bill: Online cos tell Parl panel to protect innovation

The Parliamentary Panel is looking into the role of the Competition Commission of India (CCI) in an evolving economy, particularly the digital landscape

Asian Paints may face CCI probe for alleged market dominance abuse

The complaint alleged that Asian Paints pressured its network of dealers against doing business with Grasim's Birla Opus

CCI to decide on probe into Asian Paints for 'abuse' of dominant position

The allegations against Asian Paints include restricting dealers from doing business with Grasim's Birla Opus

Delhi HC restrains GST department from coercive action against CCI

HC grants interim relief to CCI in tax demand case, citing earlier ruling favouring regulators; GST department directed to respond by July-end

CCI found global ad agencies colluded on fees, internal document shows

The regulator had received specific inputs, which ultimately triggered the March raids at ad agency offices in Mumbai and Delhi

Bajaj Group get CCI's nod to acquire Allianz's 26% stake in insurance JVs

Fair trade regulator CCI on Tuesday cleared Bajaj Group's proposed acquisition of a 26 per cent stake each in its insurance joint ventures, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, from its partner Allianz SE for a total of Rs 24,180 crore. "The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release. BFS is engaged in the provision of financial services, including consumer and SME finance, housing finance, general insurance, and JSPL is a private limited company incorporated under the provisions of the Companies Act, 1913. BHIL is a RBI-registered as a non-banking financial company - investment and credit company and BALIC and BAGIC are joint ventures between Bajaj Finserv

Govt likely to amend IBC to scrap prior CCI nod for insolvency bids

Experts feel a clarity by the government on this matter would bring relief to bidders who were concerned about approaching CCI before the CoC approval

CCI gives nod to Temasek's minority acquisition of Haldiram Snacks Food

Temasek's subsidiary Jongsong will acquire under 10% stake in Haldiram Snacks Food, now consolidated under HSFPL following a major FMCG merger in April

New cost norms to aid accurate checks on predatory pricing, says CCI chief

Amidst concerns and complaints over predatory pricing ways, Competition Commission chief Ravneet Kaur on Tuesday said the new cost of production norms will help in having more accurate and objective assessment for easier enforcement outcomes. Speaking at the function to mark the 16th Annual Day of the Competition Commission of India (CCI) in the national capital, she also said that digital markets see rapid change and the first mover advantage gets concretised very quickly. "We have the possibility of algorithmic decision-making and self-preferencing by those having the first mover advantage," she said. Against this backdrop, Kaur said there is a need to have a balance in looking at such conduct, where the approach is "evidence-based, proportionate and anchored in rigorous economic analysis". Earlier this month, the Competition Commission of India (Determination of Cost of Production) Regulations, 2025 was notified. Kaur said it is very essential to have a consistent approach for

CCI to bring new toolkit for curbing cartels in public procurement

The antitrust watchdog has been concerned over private companies taking advantage of lack of such checks in the systems to form cartels while bidding for public procurement tenders

Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww

The proposed investment is part of Groww's broader plan to raise $200 million in pre-IPO funding and may double its valuation to $6.5 billion

CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities

The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust's acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. "The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and Sattva Group," the regulator said in a release. Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets and related income-generating assets. "Competition ...

Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr

Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of shareholding by the acquirer (M&M) in the target (SML Isuzu Ltd)," a notice filed with the Competition Commission of India (CCI) said on May 5. The proposed combination is notified under section 5(a)(i)(A) of the Competition Act, 2002, it added. M&M is the flagship company of the Mahindra group, which is engaged in various sectors such as automotive, farm equipment, financial services, IT aerospace, real estate & infrastructure, logistics and hospitality. For the assessment of CCI, the parties said "the proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India, ...

Parliamentary panel seeks info on digital market competition from CCI, MCA

A Parliamentary panel has sought detailed information from regulator CCI and the Ministry of Corporate Affairs on various aspects of competition in relation to the digital markets, including those pertaining to the digital competition bill, according to sources. The Parliamentary Standing Committee on Finance, which is looking into the 'Evolving Role of Competition Commission of India in the Economy, particularly the Digital Landscape', had a meeting on April 28. Following the meeting, the panel, headed by headed by BJP leader Bhartruhari Mahtab, has sought more details on various aspects of competition in the digital markets, Competition Commission of India (CCI) and the actions taken by the watchdog. Among other topics, the sources said the committee has asked about whether the ongoing India-US bilateral trade negotiations has any bearing on the progress of the digital competition bill. The draft Digital Competition Bill 2024 seeks to put in place several obligations for large ..

Warburg Pincus seeks CCI approval to buy 10% stake in IDFC First Bank

Private equity major Warburg Pincus has sought fair trade regulator CCI's approval to acquire 10 per cent stake in private sector lender IDFC First Bank. US-based Warburg Pincus through its arm Currant Sea Investments BV will acquire the stake in IDFC First Bank. "The acquirer (Currant Sea Investments B V) proposes to acquire up to 9.99 per cent of the paid up share capital (on a fully diluted basis) of the target (IDFC First Bank) by way of subscription to 81,26,94,722 compulsorily convertible cumulative preference shares," a notice filed with the CCI said on April 28. The deal has been notifiable to the Competition Commission of India under Section 5(a)(i)(A) of the Competition Act, 2002, it added. IDFC First Bank is engaged in the business of providing banking services as well as other financial solutions. The notice also said that Platinum Invictus B 2025 RSC Ltd, an arm of Abu-Dhabi Investment Authority (ADIA) plans to subscribe to 43.72 crore preference shares in IDFC First

Alpha Wave Global, IHC seek CCI nod to acquire minority stakes in Haldiram

Alpha Wave Global, and IHC (International Holding Company) have sought the Competition Commission of India's approval to acquire minority stakes in Haldiram Snacks Food. Alpha Wave is a global investment company and United Arab Emirates-based IHC is one of the world's largest investment companies having a USD 250 billion market valuation and listed on Abu Dhabi Securities Exchange. "The proposed transaction entails the acquisition of less than 10 per cent of the issued and paid-up equity share capital of the target (Haldiram Snacks Food Pvt Ltd)," said a notice filed with the Competition Commission of India (CCI). The proposed combination, classified as an acquisition of shares and voting rights, falls under specific clauses of the Competition Act, it added. Haldiram Snacks Food is the combined business of the Haldiram family -- Delhi and Nagpur. In its submission to the CCI, Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (acquirers) said that the exact delineation of the ...