1. Indigo Cove Investments B.V. 2. Bharti Neo Ventures Limited
CCIC-2026/01/1375
A compact analysis
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SUMMARY OF THE PROPOSED COMBINATION
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IN TERMS OF REGULATION 13(2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS) REGULATIONS, 2024
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A. Name of the parties to the proposed combination.
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- The parties to the combination are:
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- i. Indigo Cove Investments B.V. ( Indigo Cove / Acquirer 1 )
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- ii. Bharti Neo Ventures Limited ( BNVL / Acquirer 2 )
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- iii. Haier Appliances (India) Private Limited ( Haier / Target )
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- Indigo Cove, BNVL and Haier are collectively referred to as the “ Parties” .
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B. Nature and Purpose of the Combination.
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- The proposed transaction involves the acquisition of approximately ~49% equity shareholding in Haier together by Indigo Cove and BNVL, on a fully diluted basis, through a combination of primary subscription and secondary purchase of shares of Haier ( Proposed Transaction ). The Proposed Transaction is an acquisition and falls under Section 5(a)(i)(A) of the Competition Act, 2002.
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