India-Japan Fund
CCIC-2024/09/1181
A compact analysis
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Summary
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[In terms of Regulations 13(1A) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011
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(as amended)]
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- A. Name of the parties to the combination.
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- Names of the parties to the combination being notified through this Notification Form are:
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- a. India - Japan Fund ( IJF/Acquirer )
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- b. Ather Energy Limited1 ( Ather /Target )
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- B. Nature and purpose of the combination.
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- The Acquirer proposes to acquire certain Series G Compulsorily Convertible Preference Shares ( CCPS ) of Ather ( Proposed Transaction ). The Proposed Transaction is structured as an acquisition and falls under Section 5(a) of the Competition Act, 2002.
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- The purpose of the Proposed Transaction is to further IJF’s objective of investing in India’s environmental preservation sector, including renewable energy, e-mobility businesses, and circular economy sectors such as waste management, and water. The Proposed Transaction will help IJF further its goals by creating value for the broader market for 2-wheeler electric vehicles, clean mobility transport solutions, and technology-led last mile transport vehicles.
Case details
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