The Competition Commission approved the proposed acquisition of 35.43% shareholding in Olam Agri by SALIC International Investment Company, finding no appreciable adverse effect on competition in the basmati rice industry.
The Proposed Combination is 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-2022/07/958)
30th August, 2022
Notice under Section 6(2) of the Competition Act, 2002, filed by SALIC International Investment Company.
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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located in Saudi Arabia and internationally. In India, SALIC, through its wholly owned subsidiary United Farmers Investment Company (UFIC) holds 29.51% equity stake in Daawat Foods Limited ( DFL ). DFL is a subsidiary of LT Foods Limited. DFL is primarily active in procurement, storage, milling, processing, packaging and marketing of branded and non-branded basmati rice, for select brands of LT Foods.
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have any appreciable adverse effect on competition in India. Therefore, the Commission approves the Proposed Combination under Section 31(1) of the Act.
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2 issues framed by the court
Whether the proposed acquisition of 35.43% shareholding in Olam Agri by SALIC International Investment Company is likely to have an appreciable adverse effect on competition.
Whether the Commission should approve the proposed combination under Section 31(1) of the Competition Act, 2002.
3 provisions across 1 enactments
COMPETITION COMMISSION OF INDIA
SALIC International Investment Company
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
