L Catterton India Fund
Case brief
What is this about?
The Competition Commission of India considered a notice regarding a proposed combination involving the acquisition of Haldiram Snacks by L Catterton India Fund. After reviewing submissions and clarifications, the Commission concluded there is no likelihood of anti-competitive effects and approved the combination.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Competition Act, 2002, subject to conditions regarding confidentiality and correctness of information.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No.C-2025/12/1361
03rd February 2026
Notice under Section 6(2) of the Competition Act, 2002 given by L Catterton India Fund.
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 26th 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 L Catterton India Fund ( LCAT/Acquirer ). The Notice was filed pursuant to inter alia execution of the – (a) Share Purchase Agreement executed on 18th December 2025 ( SPA ); (b) Deed of accession executed inter-alia between the Acquirer and Haldiram Snacks Food Private Limited ( Haldiram/Target ) on 18th December 2025 ( Deed of Accession ); and (c) an Advisory Agreement [hereinafter, the Acquirer and the Target are collectively referred to as “ Parties ”).
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of shareholding by L Catterton India Fund in Haldiram Snacks Food Private Limited is likely to cause appreciable adverse effect on competition in the relevant markets.
Parties & counsel
- applicant
L Catterton India Fund
- respondent
Haldiram Snacks Food Private Limited
Coram
Ravneet Kaur
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court