Shoreline International Holdings Llc
Case brief
What is this about?
The Competition Commission of India, upon review of filings from Shoreline International Holdings LLC regarding its acquisition of Flipkart, observed no significant influence or competition impact due to the proposed investment and commercial partnership. The Commission approved the combination.
What did the court decide?
The Proposed Combination is approved 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-2024/10/1191
26th November 2024
Notice under Section 6(2) of the Competition Act, 2002 given by Shoreline International Holdings LLC
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 3rd October 2024, the Competition Commission of India ( Commission ) received a notice under Section 6(2) of the Competition Act, 2002 ( Act ), given by Shoreline International Holdings LLC ( Acquirer ). The Notice was filed pursuant to execution of following agreements/documents: (i) a Share Subscription Agreement dated 21st May 2024 ( SSA ) executed by and amongst Google International LLC ( Google International ) and Flipkart Private Limited ( Target ); (ii) an Assignment Notice dated 17th July 2024 vide which Google International has assigned all of its rights under the SSA to the Acquirer ( Assignment Notice ); (iii) Letter to be issued to the Acquirer by the Target pursuant to the SSA ( Management Rights Letter ); and (iv) Deed of accession to the Target’s Shareholders Agreement ( DoA ). Further, on 16th May 2024, Flipkart Internet Private Limited ( FIPL ), a subsidiary of the Target, and Google Cloud India Private Limited ( GCIPL ), an affiliate of the Acquirer, have executed an addendum ( Cloud Addendum ) to the Google Cloud Master
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of a shareholding and commercial partnership by Shoreline International Holdings LLC vis-a-vis Flipkart is likely to have appreciable adverse effect on competition in
Whether the information exchange under the Cloud Addendum will impact competition in relevant markets.
Parties & counsel
- applicant
Competition Commission of India
- other
Shoreline International Holdings LLC
Coram
Ravneet Kaur
Similar cases
Judgements on the same questions, provisions and authorities, from every court