Panther Asia Holdings II Pte. Ltd.
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.
Summary of the Proposed Transaction
[In terms of Regulation 13(2) of the Competition Commission of India (Combinations) Regulations, 2024]
A. Name of the parties to the combination
- The names of the parties to the combination are:
- (i) Panther Asia Holdings II Pte. Ltd. ( Acquirer );
- (ii) Allfleet India Private Limited ( Allfleet ); and
- (iii) PMI Electro Mobility Solutions Private Limited ( PMI ).
B. Nature and purpose of the combination
- The proposed transaction pertains to the acquisition of certain shareholding in Allfleet and PMI by the Acquirer (collectively, “ Proposed Transaction ”).
C. The products, services, and business(es) of the parties to the combination
- Acquirer : The Acquirer is a special purpose vehicle whose principal business activities includes holding ownership of equity and non-equity assets, including shares, debentures, bonds, and other forms of security, real property and other tangible and intangible assets.
Issues for consideration
2 issues framed by the court
Determination of whether there are horizontal or vertical overlaps in the proposed acquisition of shareholding in Allfleet and PMI by Panther Asia Holdings II Pte. Ltd.
Assessment of adverse effect to competition in India required for filing under the green channel route under Section 6(4) of the Competition Act.
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court