Page 28 - Competition Commission Of India

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

Future group, Amazon to initiate arbitration proceedings over RIL deal

Amazon says the deal violates the no-compete contract signed with the Future group and the RIL-Future deal will derail its plans to buy a stake in Future Retail Ltd

CCI dismisses unfair business practices complaint against Hindalco, Vedanta

The Competition Commission of India (CCI) closed the matter as the informant was not able to substantiate the allegations made against the firms

API Holdings' proposed 100% acquisition of Medlife gets CCI's approval

Healthcare company Medlife is primarily engaged in wholesale and distribution of drugs. API Holdings is the parent entity of API Holdings group

CCI rejects unfair biz practices complaint against Amazon Seller Services

The ruling came on a complaint filed by Lifestyle Equities C V and Lifestyle Licensing B V

CCI approves Carlyle Group's stake acquisition in Airtel's data centre biz

The Competition Commission of India (CCI) on Wednesday said it has approved acquisition of compulsorily convertible preference shares and equity shares in Airtel's data centre business, Nxtra Data, by Carlyle Group's Comfort Investments II. The Carlyle Group in July said it will acquire about 25 per cent stake in Nxtra Data Ltd for USD 235 million (about Rs 1,780 crore). This will peg the enterprise valuation of Nxtra Data at USD 1.2 billion, which is over Rs 9,084 crore. On completion of the deal, Carlyle will hold about 25 per cent stake in the business, with Airtel continuing to hold the remaining stake of about 75 per cent. In a tweet, the regulator said it "approves proposed acquisition of compulsorily convertible preference shares & equity shares in Nxtra Data Limited @NxtraDataLtd by Comfort Investments II of Carlyle Group." Nxtra Data is a fully-owned subsidiary of Bharti Airtel Ltd and provides data centre colocation services through its 10 data centres located in India,

Siemens' acquisition of C&S Electric India operations gets CCI approval

Siemens has an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore