The Competition Commission of India approved the proposed combination of LG Life Sciences Limited into LG Chem Limited under Section 31(1) of the Competition Act, 2002, determining no appreciable adverse effect on competition.
The proposed combination is approved under sub-section (1) of Section 31 of the Act.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2016/10/440)
Dated: 15.11.2016
Notice under Section 6(2) of the Competition Act, 2002 jointly given by LG Chem Limited and LG Life Sciences Limited
CORAM:
Mr. Sudhir Mital Member Mr. Augustine Peter Member Mr. U. C. Nahta Member Mr. G.P. Mittal Member
Legal Representatives of the parties: M/s Khaitan & Co.
Order under Section 31 (1) of the Competition Act, 2002
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Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2016/10/440)
materials and Chemicals Division is engaged in production of basic petrochemicals (such as ethylene, propylene etc. ), polyolefin products, PVC/Plasticizers, Acrylates, engineering plastics used in electric/electronics, automotive and IT & electronic parts; Acrylonitrile butadiene styrene; and Rubber/Specialty Polymers. Energy Solutions Division is engaged in production of mobile batteries, automotive batteries and energy storage systems; IT and Electronic Materials Division is engaged in production of Optical materials, RO Filters, Glass substrates and High functional materials; and Advanced Materials Division is engaged in production of specialty chemical materials such as battery materials and display materials.
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Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2016/10/440)
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1 issue framed by the court
Whether the proposed merger of LG Life Sciences Limited into LG Chem Limited is likely to have an appreciable adverse effect on competition in India.
4 provisions across 1 enactments
LG Chem Limited
LG Life Sciences Limited
Sudhir Mital
Augustine Peter
U. C. Nahta
G.P. Mittal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
