Springfield Investments International B.v., The Netherlands
Case brief
What is this about?
The Competition Commission of India approved a proposed combination where Springfield Investments International B.V. acquired 3.28% equity shares of Indiaideas.com Limited. The Commission found that considering the incremental shareholding of involved entities, the merger would not alter competition dynamics in any relevant market.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2018/12/621)
Fair Competition For Greater Good
10.01.2019
Notice u/s 6 (2) of the Competition Act, 2002 given by Springfield Investments International B.V.
CORAM:
Mr. Ashok Kumar Gupta Chairperson
Mr. U. C. Nahta Member
Ms. Sangeeta Verma Member
Legal Representatives of the parties: M/s Dua Associates
Order under Section 31(1) of the Competition Act, 2002
- On 10.12.2018, the Competition Commission of India (“ Commission ”) received a notice under Section 6(2) of the Competition Act, 2002 (“ Act ”) filed by Springfield Investments International B.V. (“ Springfield ” / “ Acquirer ”).
Issues for consideration
3 issues framed by the court
Whether the proposed combination of Springfield Investments International B.V. acquiring 3.28 percent of Indiaideas.com Limited will result in appreciable adverse effect on competition in India.
Whether the proposed transaction falls under the ambit of Section 31(1) of the Competition Act, 2002 for approval.
Whether the information provided by the acquirer regarding overlap between activities justifies approval under the factors stated in Section 20(4).
Parties & counsel
- applicant
Competitions Commission of India
- applicant
Springfield Investments International B.V.
- other
Indiaideas.com Limited
Coram
Case details
As recorded by the court registry
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