Mizuho Securities Co., Ltd.
Case brief
What is this about?
The Competition Commission of India approved a proposed combination whereby Mizuho Securities Co., Ltd. would acquire up to 78% equity in Avendus Capital Private Limited. The Commission found no likely appreciable adverse effect on competition across relevant markets.
What did the court decide?
The Proposed Combination is approved under Section 31(1) of the Act subject to the accuracy of information provided and confidentiality provisions.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2026/03/1395
28th April 2026
Notice under Section 6(2) of the Competition Act, 2002 given by Mizuho Securities Co., Ltd. and Redpoint Investments 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 6th March 2026, the Competition Commission of India ( Commission ) received a Notice under Section 6(2) of the Competition Act, 2002 ( Act ) given by Mizuho Securities Co., Ltd. ( Mizuho Securities/Acquirer ). Later, Redpoint Investments Pte. Ltd. ( Redpoint/Seller ) became a notifying party by furnishing relevant documents. The Acquirer and Redpoint are collectively referred to as ‘ Notifying Parties ’.
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of majority equity in Avendus Capital by Mizuho Securities is likely to cause appreciable adverse effect on competition in India.
Whether the combined market share and market increment in specified banking and investment banking segments warrant regulatory intervention.
Parties & counsel
- applicant
Competition Commission of India
- respondent
Mizuho Securities Co., Ltd.
- respondent
Redpoint Investments Pte. Ltd.
- other
Avendus Capital Private Limited
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court