The Competition Commission of India reviewed a proposed combination between General Atlantic Singapore Fund Pte. Ltd. and IIFL Wealth Management Limited. Finding no appreciable adverse effect on competition, the Commission disposed of the matter favourably.
Proposed combination approved with words of caution regarding accuracy of information.
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-2018/07/582)
27th July, 2018
Notice under Section 6 (2) of the Competition Act, 2002 filed by General Atlantic Singapore Fund Pte. Ltd.
CORAM:
Mr. Sudhir Mital
Chairperson
Mr. Augustine Peter Member
Mr. U.C. Nahta Member
Legal Representative: Bharucha & Partners
Order under Section 31(1) of the Competition Act, 2002
Page 1 of 3
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2018/07/582)
Fair Competition For Greater Good
investors and GASF in exercise of its pre-emptive rights granted under Shareholders Agreement dated 24th October, 2015, to maintain its shareholding in case new securities are issued by IIFLW, will subscribe 566,500 equity shares of IIFLW.
Page 2 of 3
COMPETITION COMMISSION OF INDIA
Fair Competition For Greater Good
(Combination Registration No. C-2018/07/582)
Page 3 of 3
3 provisions across 1 enactments
General Atlantic Singapore Fund Pte. Ltd.
Mr. Sudhir Mital
Mr. Augustine Peter
Mr. U.C. Nahta
Judgements on the same questions, provisions and authorities, from every court
