Tangent Asia Holdings II Pte. Ltd.
CCIC-2022/04/918
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 regard to the transaction of business relating to combinations), 2011]
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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. Tangent Asia Holdings II Pte. Ltd. ( Tangent ) and
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- b. Shriram General Insurance Company Limited ( SGIC )
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- Tangent and SGIC are collectively referred to as the Parties .
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B. The nature and purpose of the combination
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- The proposed transaction involves Tangent’s acquisition of 9.99% shareholding of SGIC ( Proposed Transaction ).
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- The Proposed Transaction is an acquisition of shares under Section 5(a)(i)(A) of the Competition Act, 2002 ( Act ).
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