Page 7 - Competition Commission Of India

CCI approves Tata Sons' additional 10% stake purchase in Tata Play

Fair trade regulator CCI on Monday cleared Tata Sons' proposed acquisition of an additional 10 per cent stake in DTH operator Tata Play from Singapore's sovereign wealth fund Temasek Holdings. Currently, Tata Sons -- the promoter of Tata Group -- owns a 60 per cent stake in Tata Play. "The proposed combination involves the acquisition of 10 per cent shareholding in Tata Play by Tata Sons," the Competition Commission of India (CCI) said in a release. Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a "Systemically Important Non-Deposit Taking Core Investment Company". "Commission approves the acquisition of certain additional shareholding in Tata Play Ltd by Tata Sons Pvt Ltd from Baytree Investments (Mauritius) Pte Ltd," the regulator said. Baytree Investments (Mauritius) is an affiliate of Singapore's sovereign wealth fund Temasek Holdings. Pursuant to the approval by CCI, Tata Sons will

HUL gets CCI approval to acquire Minimalist in Rs 2,670 crore deal

Hindustan Unilever Ltd (HUL), a leading FMCG player, owns more than 50 brands, including Lakme, Lux, Knorr, Kwality Wall's, and Surf Excel

Govt to bring Digital Competition Bill after due process: Harsh Malhotra

Minister of State for Corporate Affairs said while strict interventions were required to enforce the law, self-regulation and compliance should also be promoted

CCI backs Apple in antitrust case, denies Match, startups sensitive data

An investigation by the Competition Commission of India (CCI) last year found Apple exploited its dominant position in the market for app stores

CCI clears ONGC-NTPC Green's proposal to acquire Ayana for Rs 19,500 cr

The Competition Commission of India on Tuesday cleared ONGC-NTPC Green's proposal to acquire renewable energy firm Ayana for Rs 19,500 crore (USD 2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). "CCI approves the proposed combination involving the acquisition of Ayana Renewable Power Pvt Ltd by ONGC NTPC Green Pvt Ltd," the Competition Commission of India (CCI) said in a post on X. Last month, ONGPL said it has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power Pvt Ltd (Ayana). This is the second biggest deal in the renewable energy space. Adani Green Energy (AGEL) in October 2021 acquired SB Energy India from SoftBank Group Corp (SBG) and Bharti Group in an all-cash deal worth USD 3.5 billion. Ayana, a leading renewable energy platform, has about 4.1 GW of operational and under-construction assets, strategically located across resource-rich states.

CCI rejects allegations against Navodaya Vidyalaya Samiti, RailTel

Competition Commission has rejected a complaint of alleged unfair business practices filed against Navodaya Vidyalaya Samiti and RailTel Corporation in relation to the Prime Minister Schools for Rising India (PM SHRI) scheme. It was alleged that the two entities indulged in anti-competitive practices regarding a project for integrated infrastructure and IT solutions under the scheme. In an eight-page order, the Competition Commission of India (CCI) said there is no prima facie case of contravention of either Section 3 or Section 4 of the Competition Act and dismissed the complaint against the two entities. Section 3 and 4 pertain to anti-competitive agreements and abuse of dominant position, respectively. The Samithi runs Jawahar Navodaya Vidyalayas while RailTel is a state-owned telecom infrastructure provider. "The Commission in its various orders have opined that the procurer, which can also be considered a consumer of a tendering process, is at liberty to set its terms and ...

CCI rejects complaint against Microsoft over Windows anti-virus bundling

The Competition Commission of India (CCI) has rejected a complaint filed against Microsoft with respect to bundling of anti-virus software with its Windows operating system. It was alleged that bundling of the anti-virus software was violating fair competition norms. Starting with Windows 10 Operating System (OS) edition, the anti-virus software Microsoft Defender is bundled with it. In a 17-page order dated March 3, the CCI said there was no prima-facie case of contravention and closed the matter. To assess the complaint, the regulator considered two relevant markets -- the market for computer security (antivirus) software for Windows OS in India and the market for desktop/laptop security (antivirus) software for Windows OS in India. Citing Microsoft's submissions, the CCI observed that there is no compulsion on users to exclusively use Microsoft Defender as their antivirus solution. Also, it noted that OEMs (Original Equipment Manufacturers) are permitted to pre-install alterna

CCI clears US PE firm TPG's proposal to acquire stake in Schott Poonawalla

Fair trade regulator CCI on Tuesday granted clearance to US-based private equity firm TPG's proposal to acquire a stake in Schott Poonawalla from billionaire Adar Poonawalla-led Serum Institute of India. Schott Poonawalla is engaged in the business of designing and manufacturing primary packaging solutions for pharmaceutical and biotech industries. "The proposed combination involves the acquisition by TPG Scion SG Pte Ltd of certain shareholding in SPPL (Schott Poonawalla Pvt Ltd) by way of a secondary purchase from Serum Institute of India Pvt Ltd," CCI said in a release. Mumbai-headquartered Schott Poonawala is a 50:50 joint venture between Serum Institute of India and SCHOTT Pharma AG & Co, which is part of German speciality glass firm SCHOTT AG. TPG Scion SG is a special-purpose investment vehicle and an affiliate of the TPG Group, which is a global diversified investment firm founded in 1992. In a separate release, the Competition Commission of India (CCI) on Tuesday approved

CCI's draft regulations on cost in predatory pricing by dominant firms

CCI has so far acted as a fair and mature regulator, fulfilling its role under the Preamble of the Act

Paloma Rheem Holdings gets CCI nod to acquire Fujitsu General for $1.6 bn

Fair trade regulator CCI has approved Paloma Rheem Holdings' proposal to acquire Japanese air-conditioner maker Fujitsu General for USD 1.6 billion. Fujitsu General specialises in air conditioning solutions for residential, commercial, and industrial segments and related IT systems and devices. The company, which operates in India through its subsidiary Fujitsu General (India), also sells air conditioning units under the O General brand. "The proposed transaction relates to Paloma Rheem's acquisition of the entire shareholding of Fujitsu," a notice submitted to the CCI said on Monday. The transaction will enable Paloma Rheem to realise long-term growth and development opportunities, it added. After the approval, Fujitsu General will become a wholly-owned subsidiary of Paloma Rheem Holdings. Japan-headquartered Paloma Rheem Holdings Co is one of the world's leading air conditioning and water heating companies. The Competition Commission of India (CCI) said the deal has been cleare

CCI seeks public comments on draft rules for determining cost of production

The Competition Commission of India (CCI) on Monday released the draft rules for determination of cost of production, seeking to update its framework for assessing predatory pricing under the competition norms. This will replace the existing norms set in 2009. Under the rules, Section 4(2)(a)(ii) prohibits predatory pricing as an abusive conduct by a dominant enterprise. Further, the law defines "predatory price" as the sale of goods or provision of services at a price below the cost -- as determined by regulations -- with the intent to reduce competition or eliminate competitors. The draft CCI (Determination of Cost of Production) regulations, 2025, were issued under section 64(2)(a) of the Competition Act, 2002, which empowers the regulator to prescribe cost benchmarks for assessing anti-competitive practices. In a consultation paper floated by CCI, it said the cost will generally be taken as the average variable cost, serving as a proxy for marginal cost in predatory pricing ..

Resolution plans with mergers need CCI clearance before CoC approval: SC

SC rules 2:1 that CCI approval for insolvency resolution plans involving mergers must be obtained before CoC approval, setting aside AGI Greenpac's plan for HNGIL's acquisition

Adani Group gets CCI clearance to acquire majority stake in ITD Cementation

The Competition Commission of India on Tuesday approved Adani Group's arm Renew Exim DMCC's proposal to acquire a majority stake in ITD Cementation India for about Rs 5,757 crore. ITD Cementation India Ltd is an engineering and construction company undertaking heavy civil, infrastructure and engineering, procurement and construction (EPC) business and operating in India and overseas. "The proposed combination involves the acquisition by Renew Exim DMCC (acquirer) of approximately 46.64 per cent equivalent to 8,01,13,180 shares of the total issued and voting equity share capital of the ITD Cementation India Ltd (target)," the Competition Commission of India (CCI) said in a release. Renew Exim DMCC is incorporated in Dubai, United Arab Emirates, and belongs to the Adani group. It is a holding company engaged in the business of investment in commercial enterprises and management and does not have any operations in India. Pursuant to the Sebi's SAST (Substantial Acquisition of Shares a

Parl panel reviews CCI's role amid Big Tech challenge to startups

Big stakeholders crowding the market, not allowing the startups to come up, says Par panel chairman

Tata Electronics acquires 60% in Pegatron India, bags iPhone plant

The announcement is coming after the Competition Commission of India (CCI) gave an approval to Tata Electronics to acquire the majority stake in the company

Competition watchdog seeks official documents in Pernod Ricard probe

In the Delhi antitrust case, Pernod has been accused of asking retailers in 2021 to ensure 35 per cent of their stock consisted of the French company's brands

Some relief for WhatsApp as NCLAT grants partial stay on CCI order

NCLAT further stayed the penalty of Rs 213.14 crore, subject to WhatsApp/Meta depositing 50 per cent of the amount

CCI clears merger of nine pharma entities with Sequent Scientific

The Competition Commission on Tuesday cleared the proposed amalgamation of nine entities with pharmaceutical firm Sequent Scientific Ltd (SSL). "The proposed combination involves a series of inter-connected steps carried out for the amalgamation of SRL, Viyash, Symed, Appcure, Vindhya Pharma, Vandana, Vindhya Organics, Geninn and SV Labs with SSL as the ultimate surviving entity," CCI (Competition Commission of India) said in a release. SSL offers active pharmaceutical ingredients (APIs), finished dosage formulations, and analytical services for the animal health sector. Sequent Research Ltd (SRL), a wholly-owned subsidiary of SSL, is a contract research organisation. Viyash is a pharmaceutical company and through its subsidiaries is primarily engaged in the development, manufacture and sale of APIs and intermediates for human healthcare in India. Symed Labs, Appcure Labs, Vindhya Pharma (India) and Vandana Life Sciences are wholly-owned subsidiaries of Viyash while S V Labs is a

French firm Roquette seeks CCI's clearance for IFF Pharma's biz acquisition

French plant-based ingredient producer Roquette Frres has sought fair trade regulator CCI's approval for the proposed acquisition of the pharma solutions business and certain product lines of International Flavors & Fragrances Inc (IFF). Roquette Frres S.A. is a family-owned French firm active in the production and sale of plant-based ingredients, excipients, and plant proteins for various applications. It has operations in India through several subsidiaries, like Crest Cellulose, Sethness-Roquette India and Roquette India. "The proposed transaction refers to the proposed acquisition by Roquette of the pharma solutions business and certain product lines of the Nourish business (ie, collectively the target business) of IFF by way of Roquette's purchase of equity interest in certain IFF entities that collectively house / are proposed to house the target business," said a notice filed with the CCI on January 16. The target business primarily comprises the operations, and activities ..

CCI reviews feedback on proposed changes to penalty recovery norms

Competition Commission of India (CCI) is reviewing the feedback received on the proposed amendments of norms related to the manner of recovery of monetary penalty. In November 2024, the watchdog had put out for public consultations the draft amendments to the regulations pertaining to the manner of recovery of monetary penalty. CCI Chairperson Ravneet Kaur has said the proposed amendments aim to strengthen the regulatory framework governing the recovery of monetary penalties, enhancing procedural clarity and efficiency. "We are currently reviewing the feedback provided by the stakeholders whereafter the proposed amendments would be gazetted," she said in a message in the regulator's latest quarterly newsletter. According to the chairperson, the regulator has identified areas where these regulations can be improved to better align with contemporary requirements and streamline the recovery process. The proposed changes are aimed at providing greater legal certainty to enterprises an