Aia International Limited
Case brief
What is this about?
The Competition Commission of India approved AIA International Limited's notice under Section 6(2) regarding its increased shareholding in Tata AIA. The Commission held that since there was no change in control, the combination would not alter the competitive landscape.
What did the court decide?
The proposed combination under Section 31(1) of the Competition Act, 2002 was approved.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2015/12/346)
17th December 2015
Notice under Section 6 (2) of the Competition Act, 2002 given by AIA International Limited
CORAM:
Ashok Chawla Chairperson
Sudhir Mital
Member
Augustine Peter Member
U.C. Nahta
Member
M.S. Sahoo Member
G.P. Mittal Member
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of additional equity in Tata AIA Life Insurance Company Limited by AIA International Limited is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
AIA International Limited
- respondent
Tata Sons Limited
Coram
Ashok Chawla
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