Roc Star Investment Trust (acting through its custodian Perpetual Corporate Trust Limited)
CCIC-2020/01/716
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.
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Summary of the Proposed Combination
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[In terms of Regulations 13(1A) of the Competition Commission of India (Procedure in Regard to the Transaction of Business Relating to Combinations) Regulations, 2011]
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A. Name of the parties to the combination
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- The names of the parties to the Combination are:
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Acquirer:
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- i. ROC Star Investment Trust (acting through its custodian Perpetual Corporate Trust Limited) (“ ROC ”)
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Target:
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- a. Star Health and Allied Insurance Company Limited (“ Star Health ”).
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- ROC and Star Health are collectively referred to as “ Parties ”.
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B. Nature and purpose of the combination
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- The proposed transaction entails acquisition of upto approximately 2.39% of the equity share capital of Star Health from Snowdrop Capital PTE Limited (“ Proposed Combination ”). Post the consummation of the Proposed Combination, ROC will have certain rights including non-control conferring veto rights in Star Health
Case details
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