i. Pluto Investments S.à r.l. ii. Salisbury Investments Private Limited
CCIC-2021/08/859
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
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regard to the transaction of business relating to combinations), 2011 (as amended)]
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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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- (a) Pluto Investments S.à r.l. ( Pluto );
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- (b) Salisbury Investments Private Limited ( Salisbury ); and
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- (c) PNB Housing Finance Limited ( PNBHF );
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Pluto, Salisbury and PNBHF are together referred to as Parties .
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B. Nature and purpose of the combination
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- The proposed combination involves Pluto and Salisbury acquiring up to approximately 56.29% (assuming full tendering and acceptance in the mandatory open offer) and approximately 0.24% of the post-Preferential Allotment equity share capital of PNBHF, respectively ( Proposed Combination ). The Proposed Combination is in the nature of an acquisition of shares and is notifiable under Section 5(a)(i)(A) of the Competition Act, 2002 ( Act ).
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