Gip Em Star Pte. Ltd.
Case brief
What is this about?
The Competition Commission of India considered a notice under Section 6(2) of the Competition Act, 2002 regarding the acquisition of equity shares in Aditya Birla Renewables Limited by GIP EM Star Pte. Ltd. The Commission analyzed horizontal, vertical, and complementary overlaps, assessed market shares, and concluded that the proposed combination is not likely to cause an appreciable adverse effec
What did the court decide?
The Proposed Combination is approved under Section 31(1) of the Act.
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.
25th March 2026
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2026/01/1365
Notice under Section 6(2) of the Competition Act, 2002 given by GIP EM Star Pte. Ltd.
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 5th January 2026, the Competition Commission of India ( Commission ) received a notice ( Notice ) under Section 6(2) of the Competition Act, 2002 ( Act ) given by GIP EM Star Pte. Ltd. ( Acquirer ). The Notice was filed pursuant to the execution of the Share Subscription Agreement and Shareholders’ Agreement, each dated 10th December 2025, entered into amongst the Acquirer, Aditya Birla Renewables Limited ( Target ), and Grasim Industries Limited ( GIL ) [hereinafter, the Acquirer and the Target are collectively referred to as ‘ Parties ’].
Issues for consideration
2 issues framed by the court
Whether the proposed combination between GIP EM Star Pte. Ltd. and Aditya Birla Renewables Limited is likely to have an appreciable adverse effect on competition in India.
Whether to approve or reject the proposed combination under Section 31(1) of the Competition Act, 2002.
Parties & counsel
- other
Commission
- other
GIP EM Star Pte. Ltd.
- other
Aditya Birla Renewables Limited
- other
Grasim Industries Limited
Coram
Case details
As recorded by the court registry
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