The Competition Commission of India approved a proposed combination involving the acquisition of equity in Maple IM and Maple PM, and units of Maple Infrastructure Trust by MAIF4 India 2. The Commission found the combination not likely to cause appreciable adverse effect on competition.
The Proposed Combination was approved under Section 31(1) of the Act.
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.
COMPETITION COMMISSION OF INDIA
Combination Registration No.C-2026/03/1399
28th April 2026
Notice under Section 6(2) of the Competition Act, 2002 given by MAIF 4 Investments India 2 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
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Combination Registration No. C-2026/03/1399
[Hereinafter, Target 1, Target 2 and Target 3 are collectively referred to as the ‘ Targets ’ and the Acquirer and the Targets are collectively referred to as the ‘ Parties ’].
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Combination Registration No. C-2026/03/1399
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Combination Registration No. C-2026/03/1399
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2 issues framed by the court
Whether the proposed combination by MAIF4 India 2 is likely to cause appreciable adverse effect on competition in India.
Whether the Commission can approve a combination without clearly delineating the relevant market.
2 provisions across 1 enactments
Competition Commission of India
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Deepak Anurag
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
