Mindspace Business Parks Reit
Case brief
What is this about?
The Competition Commission of India considered a notice regarding a proposed combination involving the acquisition of shareholding in various special purpose vehicles by Mindspace Business Parks REIT. The Commission determined the combination was not likely to have an appreciable adverse effect on competition and approved it.
What did the court decide?
Combination Registration No. C-2020/01/717 approved under Section 31(1) of the Competition Act, 2002.
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-2020/01/717)
11.03.2020
Notice u/s 6(2) of the Competition Act, 2002 filed by K Raheja Corp Investment Managers LLP on behalf of Mindspace Business Parks REIT.
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 20.01.2020, the Competition Commission of India ( ‘Commission’ ) received a notice under Section 6(2) of the Competition Act, 2002 ( Act ) filed by K Raheja Corp Investment Managers LLP ( ‘KRC’ / „ Manager’ ) on behalf of Mindspace Business Parks REIT ( ‘Mindspace REIT’/ ‘Acquirer’ ).
- The proposed combination relates to acquisition of share capital by the Acquirer of the following special purpose vehicles ( SPV ) („ Proposed Combination’ ):
Issues for consideration
2 issues framed by the court
Whether the proposed combination of acquiring shareholding in special purpose vehicles by Mindspace Business Parks REIT is likely to have an appreciable adverse effect on competition.
Whether the proposed combination requires approval under the provisions of the Competition Act, 2002.
Parties & counsel
- petitioner
Competition Commission of India
Coram
Ashok Kumar Gupta
Sangeeta Verma
Bhagwant Singh Bishnoi
Case details
As recorded by the court registry
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