Tata Capital Limited
Case brief
What is this about?
The Competition Commission of India approved the proposed combination of Tata Motors Finance Limited with and into Tata Capital Limited. The Commission found that the deal is unlikely to have an appreciable adverse effect on competition based on low combined market shares and high presence of other players in the relevant market.
What did the court decide?
The proposed combination of TMFL with and into TCL was approved under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No.C-2024/08/1174
10th September 2024
Notice under Section 6(2) of the Competition Act, 2002 filed by Tata Capital Limited and Tata Motors Finance 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 13th August 2024, the Competition Commission of India ( Commission ) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ) filed by Tata Capital Limited ( TCL ) and Tata Motors Finance Limited ( TMFL ) [Hereinafter, the TCL and TMFL are collectively referred to as the “ Parties ”].
Issues for consideration
3 issues framed by the court
Whether the proposed merger of TMFL with and into TCL is likely to have an appreciable adverse effect on competition in India.
Whether the combined market shares of the applicants indicate a potential anti-competitive effect requiring inquiry.
Whether the proposed combination satisfies the conditions for approval under Section 31 of the Competition Act, 2002.
Parties & counsel
- applicant
Tata Capital Limited
- applicant
Tata Motors Finance Limited
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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