The Phoenix Mills Limited
Case brief
What is this about?
The Competition Commission of India approved a proposed combination where Phoenix Mills Limited acquires 49% and becomes the 100% shareholder of Island Star Mall Developers Private Limited. The Commission found no appreciable adverse effect on competition based on Section 20(4) assessments.
What did the court decide?
The Commission approved the Proposed Combination under Section 31(1) of the Act.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2025/08/1310
19th August 2025
Notice under Section 6(2) of the Competition Act, 2002 given by The Phoenix Mills 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 01st August 2025, the Competition Commission of India ( Commission ) received a Notice under Section 6(2) of the Competition Act, 2002 ( Act ) given by the Phoenix Mills Limited (PML/Acquirer) .
- The Notice was filed pursuant to the execution of the Framework Agreement dated 24th July 2025 amongst Canada Pension Plan Investment Board ( CPPIB/Seller ), PML and Island Star Mall Developers Private Limited ( ISMDPL/Target ). Pursuant to the filing of the Notice, the Acquirer also made a voluntary submission vide communication dated 12th August 2025.
Issues for consideration
3 issues framed by the court
Whether the proposed combination between Phoenix Mills Limited and Island Star Mall Developers Private Limited is likely to cause appreciable adverse effect on competition
Whether the Commission can approve a combination without delineating the relevant market
Whether vertical overlaps in services between the parties create any competition concerns
Parties & counsel
- appellant
Competion Commission of India
- applicant
Phoenix Mills Limited
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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