1. Umang Commercial Company Private Limited, 2. Aditya Marketing & Manufacturing Private Limited
A compact analysis
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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 Proposed Transaction
- The names of the parties to the proposed transaction are:
- a. Umang Commercial Company Private Limited (“ Acquirer ”); and b. Aditya Manufacturing and Marketing Private Limited (“ Target ”)
The Acquirer and the Target are collectively referred to as the “ Parties ”.
II. Nature and Purpose of the Proposed Transaction
Nature of the Proposed Transaction
- The proposed transaction is a merger in terms of Section 5(c) of the Competition Act, 2002 (“ Act ”). By way of the proposed transaction, the Target will merge into the Acquirer (“ Proposed Transaction ”). On completion of the Proposed Transaction, the Target will cease to exist as a separate legal entity.
- The Proposed Transaction will be carried out through a scheme of amalgamation which has been sanctioned by the Hon’ble National Company Law Tribunal, Kolkata bench vide its order dated 28th June 2021 (“ Scheme ”).
Parties & counsel
- petitioner
Commissioner of Central Taxes and Narcotic Drugs, Delhi
- respondent
Aditya Manufacturing and Marketing Private Limited
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