Pelipper HoldCo. Sarl
Case brief
What is this about?
The Competition Commission of India disposed of a notice under Section 6(2) regarding a proposed acquisition by Pelipper HoldCo SARL. Noting minimal market impact and insignificant combined market share, the Commission approved the combination under Section 31(1) of the Act.
What did the court decide?
The Proposed Combination was approved under Section 31(1) of the Act.
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.
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2023/06/1037)
16th August 2023
Notice under Section 6(2) of the Competition Act, 2002 given by Pelipper HoldCo SARL
CORAM:
Ms. Ravneet Kaur Chairperson Ms. Sangeeta Verma Member
Mr. Bhagwant Singh Bishnoi Member
Order under Section 31(1) of the Competition Act, 2002
- On 26th June 2023, the Competition Commission of India ( ‘Commission’ ) received a Notice under Section 6(2) of the Competition Act, 2002 ( ‘Act’ ) given by Pelipper HoldCo SARL ( ‘Acquirer’/‘Pelipper’ ). The Notice was filed pursuant to the execution of (i) Share Purchase Agreement and (ii) Shareholders’ Agreement, each dated 14th May 2023, inter alios , between Pelipper and IBS Software Pte. Ltd. (‘Target’/‘IBS Software’ ).
- The Proposed Combination envisages the acquisition of approximately 30% of the issued share capital on a fully diluted basis of the Target by the Acquirer from
Issues for consideration
1 issue framed by the court
Whether the proposed combination between Pelipper HoldCo SARL and IBS Software Pte. Ltd. is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- petitioner
Competition Commission of India
- respondent
Pelipper HoldCo SARL
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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