Tilaknagar Industries Limited
Case brief
What is this about?
The Competition Commission of India approved a proposed combination involving the acquisition of the Imperial Brands business by Tilaknagar Industries Limited. The Commission found the current market share low and concluded there would be no appreciable adverse effect on competition.
What did the court decide?
The Proposed Combination is approved under Section 31(1) of the Act.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2025/08/1315
07th October 2025
Notice under Section 6(2) of the Competition Act, 2002 given by Tilaknagar Industries 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 14th August 2025, the Competition Commission of India ( Commission ) received a notice ( Notice ) under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ) given by Tilaknagar Industries Limited ( TIL/Acquirer ). The Grain & Grape Works Private Limited ( GGWPL ) also became a notifying party by furnishing relevant documents [hereinafter, the Acquirer and the GGWPL are collectively referred as ‘Acquirers’ ].
- The Notice was filed pursuant to Business Transfer Agreement dated 23rd July 2025, executed amongst the Pernod Ricard India Private Limited ( PRIPL/Seller ), GGWPL and TIL.
Issues for consideration
2 issues framed by the court
Whether the proposed combination between Tilaknagar Industries Limited and Grain & Grape Works Private Limited for the acquisition of Imperial Brands business is likely to cause appreciable adverse ef
Whether the Commission can approve a combination where combined market share is estimated between 5-10% and incremental market share between 0-5%.
Parties & counsel
- applicant
Tilaknagar Industries Limited
- applicant
Grain & Grape Works Private Limited
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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