Barolo Holdings B.V.
Case brief
What is this about?
The Competition Commission of India approved the proposed combination of Barolo Holdings and CitiusTech. The Commission found that the transaction involved a small market share and alternative market definitions did not show likely harm to competition.
What did the court decide?
Approval under Section 31 of the Act to the proposed combination C-2019/07/674.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2019/07/674)
22nd August, 2019
Notice under Section 6 (2) of the Competition Act, 2002 filed by Barolo Holdings B.V.
CORAM:
Mr. Ashok Kumar Gupta Chairperson
Ms. Sangeeta Verma Member
Mr. Bhagwant Singh Bishnoi
Member
Order under Section 31(1) of the Competition Act, 2002
- On 24th July, 2019, the Competition Commission of India (Commission) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) filed by Barolo Holdings B. V. (Barolo/Acquirer) . The notice was given pursuant to the execution of Share Purchase Agreement ( SPA ) dated 11th July, 2019 entered into between General Atlantic Singapore Fund Pte. Limited ( General Atlantic ), Group I Investors1 , CitiusTech Healthcare Technology Private Limited ( Citius / Target ) and Barolo (Hereinafter, Acquirer and Target are collectively referred to as the “ Parties ”).
Issues for consideration
3 issues framed by the court
Whether the proposed acquisition of Citius by Barolo would cause appreciable adverse effect on competition.
Whether the combination is liable to be approved under Section 31(1) of the Competition Act, 2002.
Whether relevant market delineation is required given the negligible market share of the parties.
Parties & counsel
- applicant
Barolo Holdings B.V.
- other
General Atlantic Singapore Fund Pte. Limited
- other
Group I Investors
- other
CitiusTech Healthcare Technology Private Limited
Coram
Case details
As recorded by the court registry
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