Mahindra & Mahindra Limited
CCIC-2020/12/799
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 in terms of Regulation 13(1A) of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations)
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Regulations, 2011 (as amended)
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A. Name of the parties to the combination
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- The parties to the combination are:
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- (a) Mahindra & Mahindra Limited (“ Acquirer/ M&M ”)
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- (b) TVS Automobile Solutions Private Limited (“ Target ”).
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The Acquirer and the Target are collectively referred to as the “ Parties ”.
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- B. Nature and purpose of the combination
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- The Proposed Combination envisages the acquisition of certain compulsory convertible preference shares by the Acquirer in the Target amounting to approx. 2.76% shareholding in the Target, on a fully diluted basis and on an as is converted basis.
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- In accordance with the Share Subscription Agreement (“ SSA ”), it is proposed that the Acquirer shall subscribe to and receive the compulsory convertible preference shares from the Target (“ Proposed Combination ”).
Case details
As recorded by the court registry
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