Exor Special Opportunities Master Fund Icav
Case brief
What is this about?
The petitioners, an investment fund and the target logistics company, applied for clearance under the green channel route, asserting no horizontal or vertical overlaps exist between their businesses in India.
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.
SUMMARY
[UNDER REGULATION 13(1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) REGULATIONS, 2011 (AS AMENDED)]
- I. Names of the Parties to the Combination
- The names of the parties to the proposed transaction are:
- a. Exor Special Opportunities Master Fund ICAV (“ Acquirer ”)
- b. TVS Supply Chain Solutions Limited (“ Target ”)
- (collectively, “ Parties ”)
II. Nature and Purpose of the Proposed Transaction
Nature of the Proposed Transaction
- The proposed transaction is an acquisition in terms of Section 5(a) of the Competition Act, 2002 (“ Act ”). The Acquirer will subscribe to and purchase the equity shareholding of the Target (“ Proposed Transaction ”).
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition by an investment fund in the logistics sector raises any risk of appreciable adverse effect on competition under the green channel route.
Parties & counsel
- petitioner
Exor Special Opportunities Master Fund ICAV
- respondent
TVS Supply Chain Solutions Limited
Case details
As recorded by the court registry
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