Citrine Inclusion Limited
Case brief
What is this about?
The Competition Commission of India examined a proposed combination involving the acquisition of Utkarsh CoreInvest Limited shares by Citrine Inclusion Limited. Assessing market overlaps andUnion activities, the Commission found no appreciable adverse effect on competition.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Competition Act, 2002 as it is not likely to have appreciable adverse effect on competition.
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-2024/05/1154
3rd September 2024 Notice under Section 6(2) of the Competition Act, 2002 given by Citrine Inclusion 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 24th May 2024, the Competition Commission of India ( Commission ) received a notice ( Notice ), under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ), given by Citrine Inclusion Limited ( Citrine ). The Notice was given pursuant to the execution of inter alia Share Purchase Agreement between Citrine and NMI Frontier Fund KS ( NMI ) on 23rd April 2024. Subsequently, another Share Purchase Agreement was also executed between Citrine and British International Investment Plc. ( BII ) on 15th July 2024.
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of equity shares by Citrine Inclusion Limited would have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
Citrine Inclusion Limited
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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