Wipro Limited, India
Case brief
What is this about?
The Competition Commission of India approved Wipro Limited's proposed 100% acquisition of Alight HR Services India by Wipro Limited as it provided additional information stating that the target is a captive unit serving only group entities, thus posing no threat to competition.
What did the court decide?
Approval of the proposed combination of Wipro Limited and Alight HR Services India Private Limited.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2018/07/589)
3rd August, 2018
Notice under Section 6 (2) of the Competition Act, 2002 filed by Wipro Limited.
CORAM:
Mr. Sudhir Mital Chairperson Mr. Augustine Peter Member Mr. U.C. Nahta Member Mr. Justice G. P. Mittal Member
Legal Representative: IndusLaw
Order under Section 31(1) of the Competition Act, 2002
- On 23rd July, 2018, the Competition Commission of India (“ Commission ”) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (“ Act ”) filed by Wipro Limited (“ Wipro ” / “ Acquirer ”) pursuant to the execution of Share Purchase Agreement (“ SPA ”) entered by and amongst Wipro, Tempo (Mauritius) Holdco (“ Tempo ” / “ Seller ”) and Alight HR Services India Private Limited (“ Alight ” / “ Target ”) dated 19th July, 2018. [Hereinafter, Wipro and Alight are collectively referred to as “ Parties ”].
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of Alight HR Services India by Wipro Limited is likely to cause appreciable adverse effect on competition.
Whether the Commission is satisfied that the combination does not adversely affect market dynamics due to captive nature of Target.
Parties & counsel
- applicant
Wipro Limited
Coram
Sudhir Mital
Augustine Peter
U.C. Nahta
Case details
As recorded by the court registry
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