The Competition Commission of India approved a proposed combination where IndoEdge India Fund acquired an 8% equity stake in MG Motor India. The Commission found insignificant market presence and concluded the merger would not cause an appreciable adverse effect on competition.
The Commission approved the Proposed Combination under Section 31(1) of the Act.
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-2024/02/1116
2nd April 2024
Notice under Section 6(2) of the Competition Act, 2002 given by IndoEdge India Fund
– LVF Scheme
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
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Combination Registration No. C-2024/02/1116
a right to appoint a director to the board of directors of MG Motor, certain reserved matter rights, certain information rights, etc.
1 Combination Registration No. C-2023/12/1088 approved by the Commission vide order dated 23rd January 2024 issued under Section 31(1) of the Act.
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Combination Registration No. C-2024/02/1116
provided certain direct current chargers at its dealerships ( Dealership EV Infrastructure ) and is in the process of installing charging points in residential communities’ apartments and community spaces across India (as part of the ‘ MG Charge ’ initiative).
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Combination Registration No. C-2024/02/1116
manufacture and sale of PEVs carried out by MG Motor and the activity of owning and operating EV charging stations carried out by LUT and Greencell.
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3 issues framed by the court
Whether the proposed acquisition of equity shares in MG Motor by IndoEdge Scheme is likely to cause an appreciable adverse effect on competition.
Whether the proposed combination involves horizontal, vertical or complementary overlaps between the acquiring entities and the target.
Whether the proposed combination needs approval under Section 31(1) of the Competition Act, 2002.
3 provisions across 1 enactments
Competiton Commission of India
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Deepak Anurag
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
