Indriya Limited
Case brief
What is this about?
The Competition Commission of India approved a proposed combination between Indriya Limited and Aditya Birla Housing Finance Limited under Section 31(1). The Commission found the combination unlikely to cause appreciable adverse effect on competition based on low market shares and a 'controvertible' market definition approach.
What did the court decide?
Proposed combination approved under Section 31(1). Information treated as confidential under Section 57.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2026/02/1384
07th April 2026
Notice under Section 6(2) of the Competition Act, 2002 given by Indriya 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 16th February 2026, the Competition Commission of India ( Commission ) received a notice ( Notice ) under Section 6(2) of the Competition Act, 2002 ( Act ) given by Indriya Limited ( Acquirer ). The Notice was filed pursuant to the execution of (i) Share Subscription Agreement ( SSA ) amongst Aditya Birla Housing Finance Limited ( Target/ABHFL ) and the Acquirer; and (ii) Shareholders’ Agreement ( SHA ), amongst the Target, the Acquirer, and Aditya Birla Capital Limited ( ABCL ), each dated 03rd
Issues for consideration
1 issue framed by the court
Whether the proposed combination between Indriya Limited and Aditya Birla Housing Finance Limited is likely to cause appreciable adverse effect on competition in India.
Parties & counsel
- petitioner
Competition Commission of India
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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