Naspers Ventures B.V.
Case brief
What is this about?
The Competition Commission of India approved a proposed combination between Naspers Ventures B.V. and API Holdings Limited, finding no likely appreciable adverse effect on competition regardless of market delineation due to insignificant market shares.
What did the court decide?
Approval granted to the proposed combination under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA
(Combination Registration No.C-2023/11/1080)
30th January 2024
Notice under Section 6(2) of the Competition Act, 2002 filed by Naspers Ventures B.V
CORAM:
Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 23rd November 2023, the Competition Commission of India ( Commission ) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ) filed by Naspers Ventures B.V. ( Acquirer ) for the proposed acquisition of additional shareholding of API Holdings Limited ( Target ) [Hereinafter, the Acquirer and Target are collectively referred to as ‘ Parties ’].
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of additional shareholding and rights in the Target is likely to have any appreciable adverse effect on competition in India.
Parties & counsel
- applicant
Naspers Ventures B.V.
- other
API Holdings Limited
Coram
Anil Agrawal
Case details
As recorded by the court registry
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