Jsw Ventures Singapore Pte. Limited.
Case brief
What is this about?
The Competition Commission of India approved the proposed combination between JSW Ventures Singapore Pte. Limited and MG Motor India Private Limited. The Commission found no appreciable adverse effect on competition based on low vertical linkages and minuscule market shares of the parties in the relevant markets.
What did the court decide?
The Commission approves the Proposed Combination 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-2023/12/1088
23rd January 2024
Notice under Section 6(2) of the Competition Act, 2002 given by JSW Ventures Singapore Pte. Limited
CORAM:
Ms. Ravneet Kaur Chairperson Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 11th December 2023, the Competition Commission of India ( Commission ) received a Notice under Section 6(2) of the Competition Act, 2002 ( Act ) given by JSW Ventures Singapore Pte. Limited ( JSW Ventures/Acquirer ). The Notice was filed pursuant to the execution of (i) Share Purchase and Share Subscription Agreement dated 30th November 2023, entered amongst the Acquirer, JSW International Tradecorp Pte. Limited ( JSWIT ), MG Motor India Private Limited ( MG Motor India/Target ) and the SAIC Motor HK Investments Limited ( Seller ); (ii) Shareholders‟ Agreement dated 30th November 2023 amongst the Acquirer, the Target, and the Seller; (iii) Technology Collaboration and Framework Agreement dated 30th November 2023, between JSWIT, the Target and SAIC Motor Corporation Limited; and (iv) Board resolution of the Acquirer dated 24th November 2023.
Issues for consideration
3 issues framed by the court
Whether the proposed combination between JSW Ventures Singapore Pte. Limited and MG Motor India Private Limited is likely to have an appreciable adverse effect on competition in India.
Whether the vertical linkages between JSW Steel (upstream) and MG Motor (downstream) would result in any anti-competitive foreclosure.
Whether the Proposed Combination requires approval under Section 31(1) of the Act.
Parties & counsel
- applicant
JSW Ventures Singapore Pte. Limited
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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