1. Ca Carob Investments 2. Roop Automotives Limited 3. M/s Um Holdings 4.Mohit Oswal 5.Gaurav Jain
CCIC-2024/12/1216
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SUMMARY UNDER REGULATION 13 (2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS), REGULATIONS, 2024
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I. Parties to the Combination
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- The parties to the combination are—
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- a. CA Carob Investments ( Investor );
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- b. Roop Automotives Limited ( RAL );
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- c. M/s UM Holdings ( HIL Shareholder );
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- d. Mohit Oswal; and
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- e. Gaurav Jain
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( a to e above and Highway Industries Limited ( HIL ) are collectively referred to as Parties ).
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II. Nature of the Combination
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- The present notification form is filed in relation to certain inter-connected steps resulting in inter alia securities swap between HIL Shareholder and RAL, and the acquisition of up to 68.9% shareholding in RAL by the Investor (collectively, referred to as the Proposed Transaction ).
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