Lotus One Investment Pte. Ltd., Singapore
A compact analysis
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.
SUMMARY OF THE PROPOSED COMBINATION
[In terms of Regulation 13 (1B) of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations), 2011 (as amended)]
a) Name of the parties to the combination
The parties to the combination are Lotus One Investment Pte. Ltd. ( Lotus One ) and Hindusthan National Glass & Industries Limited ( HNGIL ) (collectively referred to as “ Parties ”).
b) The type of the combination
The proposed combination entails an acquisition of compulsorily convertible preference shares of HNGIL by Lotus One in a series of interrelated steps and constitutes a combination in terms of Section 5(a)(i) of the Competition Act, 2002.
c) The area of activities of the parties to the combination
Lotus One
Lotus One is a company incorporated under the laws of Singapore, having its registered office at 7500A Beach Road, #13-320, The Plaza, Singapore - 199591. Lotus One was incorporated recently for the purposes of this combination and currently does not have any business operations.
Case details
As recorded by the court registry
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