Svf Holdings (Jersey) L.P.
Case brief
What is this about?
The Competition Commission of India approved the acquisition of up to 20% stake in Flipkart by SVF Holdings, assessing no appreciable adverse effect on competition across B2B, B2C, and digital payment segments.
What did the court decide?
The proposed combination under Combination Registration No. C-2017/09/528 was approved.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2017/09/528)
29th November, 2017
Notice under Section 6 (2) of the Competition Act, 2002 filed by SVF Holdings (Jersey) L.P.
CORAM:
Mr. Devender Kumar Sikri Chairperson
Mr. Sudhir Mital Member Mr. Augustine Peter Member Mr. U.C. Nahta Member Mr. G.P. Mittal Member
Legal Representative: AZB & Partners
Order under Section 31(1) of the Competition Act, 2002
- On 29th September, 2017, the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice filed by SVF Holdings (Jersey) L.P. (“SVF”/ “Acquirer”), pursuant to execution of Series I Subscription Deed and other related transaction documents dated 20th September, 2017 , entered inter-alia, between SVF
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of up to 20% stake in Flipkart by SVF is likely to cause an appreciable adverse effect on competition.
Whether the combined market share of the acquirer and target raises competition concerns in B2B, B2C, or digital payment markets.
Parties & counsel
- applicant
SVF Holdings (Jersey) L.P.
- respondent
Flipkart Limited
Coram
Devender Kumar Sikri
Case details
As recorded by the court registry
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