Jomei Investments Limited
Case brief
What is this about?
The Competition Commission of India approved a proposed combination involving a 4.15% share subscription by Jomei Investments Limited in Aditya Birla Capital Limited. After reviewing vertical overlaps and market presence, the Commission found no significant adverse effect on competition.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Act.
What the court decided
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.
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2019/09/686)
24th October, 2019
Notice under Section 6(2) of the Competition Act, 2002 filed by Jomei Investments Limited
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 11th September, 2019, the Competition Commission of India ( Commission ) received a notice ( Notice ) under Section 6(2) of the Competition Act, 2002 ( Act ), filed by Jomei Investments Limited ( JIL / Acquirer ). The Notice has been given pursuant to the execution of a Subscription Agreement ( SA ) between JIL and Aditya Birla Capital Limited ( ABCL ) on 5th September, 2019. JIL, ABCL and their affiliates are hereinafter collectively referred to as Parties .
Issues for consideration
2 issues framed by the court
Whether the proposed subscription by Jomei Investments Limited in Aditya Birla Capital Limited has an appreciable adverse effect on competition.
Whether the incremental market share in relevant segments raises any competition concerns.
Parties & counsel
- applicant
Jomei Investments Limited
- respondent
Aditya Birla Capital Limited
Coram
Ashok Kumar Gupta
Case details
As recorded by the court registry
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