Red Bloom Investment Ltd, Mauritius
Case brief
What is this about?
The Competition Commission of India approved the combination involving Red Bloom Investments Limited acquiring a 9% stake in ICICI Lombard General Insurance Company, finding no appreciable adverse effect on competition.
What did the court decide?
The proposed combination is approved under sub-section (1) of Section 31 of the Competition Act, 2002.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2017/06/515)
15th June, 2017
Notice under Section 6 (2) of the Competition Act, 2002 given by Red Bloom Investments Limited.
CORAM:
Mr.Devender Kumar Sikri Chairperson
Mr. S.L.Bunker Member
Mr. Sudhir Mital Member
Mr. Augustine Peter Member
Mr. U.C. Nahta Member
Mr. G.P. Mittal Member
Legal Representative: Cyril Amarchand Mangaldas
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of 9% stake by Red Bloom in ICICI Lombard is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
Red Bloom Investments Limited
- applicant
ICICI Lombard General Insurance Company
Coram
Devender Kumar Sikri
Case details
As recorded by the court registry
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