1. Bc Asia Investments Xv Limited 2. Bc Asia Investments Xvi Limited
Case brief
What is this about?
The Competition Commission of India considered a notice regarding a share acquisition combination involving Acquirers and DHPL. After assessing market overlaps and vertical interfaces, the Commission found no appreciable adverse effect on competition and approved the combination under Section 31(1) of the Competition Act, 2002.
What did the court decide?
The proposed combination was approved as it is not likely to have appreciable adverse effect on competition in India.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2025/01/1234
17th March 2025
Notice under Section 6(2) of the Competition Act, 2002 jointly given by BC Asia Investments XV Limited, BC Asia Investments XVI Limited, and Dhoot Transmission Private Limited
CORAM:
Ms. Ravneet Kaur Chairperson
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 21st January 2025, the Competition Commission of India ( Commission ) received a notice ( Notice ), under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ), jointly given by BC Asia Investments XV Limited ( Acquirer 1 ), and BC Asia Investments XVI Limited ( Acquirer 2 ). Hereinafter, Acquirer 1 and Acquirer 2 are collectively referred to as the Acquirers . In response to a communication issued under Regulation 14 of the Competition Commission of India (Combinations) Regulations, 2024 ( Combination Regulations ), Dhoot Transmission Private Limited ( DTPL ) also became a notifying party to the Notice. The Notice has been given pursuant to execution of the Share Subscription and Share Purchase Agreement amongst Mr. Rahul Radhavallabh Dhoot ( Promoter ), Acquirer 1 and DTPL ( SSPA) on 15th January
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of shares in DTPL by Acquirers is likely to cause appreciable adverse effect on competition in India.
Whether the acquisition of shares in DHPL by DTPL is likely to cause appreciable adverse effect on competition.
Parties & counsel
- other
Competition Commission of India
Coram
Ravneet Kaur
Sweta Kakkad
Deepak Anurag
Case details
As recorded by the court registry
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