The Fidelity Funds
Case brief
What is this about?
The Competition Commission of India considered a notification for a proposed combination where Fidelity Funds acquired a 6.63% shareholding in Spinny Technologies. After reviewing submissions, the Commission found no plausible linkages between the parties in the Indian market and approved the combination.
What did the court decide?
The Proposed Combination was approved under Section 31(1) of the Competition Act, 2002.
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-2025/12/1355
12th February 2026
Notice under Section 6(2) of the Competition Act, 2002 given by the Fidelity Funds.
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 17th December 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 the Fidelity Funds1 ( Fidelity Funds/Acquirers ). The Notice was filed
Issues for consideration
2 issues framed by the court
Whether the proposed combination of Fidelity Funds and Spinny Technologies results in an appreciable adverse effect on competition in India.
Whether the parties engaged in business activities with horizontal, vertical, or complementary linkages relevant to competition assessment.
Parties & counsel
- applicant
Fidelity Funds (Acquirers)
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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