The Competition Commission of India approved a subsequent combination where Adani Ports acquired an additional 10.4% stake in Gangavaram Port Limited, resulting in sole control. The Commission found no appreciable adverse effect on competition.
The Proposed Combination was approved under Section 31(1) of the Competition Act, 2002.
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-2021/08/867)
20th September 2021
Notice under Section 6 (2) of the Competition Act, 2002 given by Adani Ports and Special Economic Zones 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
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Combination Registration No. C-2021/08/867
the Acquirer. As a result of the Proposed Combination, the Acquirer would hold the entire shareholding of the Target.
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Combination Registration No. C-2021/08/867
relevant for assessment of the Proposed Combination and the Initial Acquisition largely remain the same. Thus, as brought out in the above referred order dated 12th April 2021, the Proposed Combination is also not likely to raise any competition concern.
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1 issue framed by the court
Whether the proposed acquisition of remaining 10.4% shareholding by Adani Ports in Gangavaram Port Limited requires approval under Section 31(1) of the Competition Act, 2002.
2 provisions across 1 enactments
Competition Commission of India
Adani Ports and Special Economic Zones Limited
Ashok Kumar Gupta
Sangeeta Verma
Bhagwant Singh Bishnoi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
