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The Securities and Exchange Board of India ("SEBI") issued a circular dated April 10, 2023 prescribing the guidelines with respect to the exclusion of an investor from an investment of an alternative investment fund ("AIF").

Unlike traditional IPOs, SPACs offer a faster and more flexible route to public markets, enabling private companies to negotiate valuation and transaction terms directly with the sponsor...

Radiant Life Care Private Limited, a leading Indian hospital management company promoted by Mr. Abhay Soi and backed by global investment firm KKR announced that its shareholders, through series of transactions, ...

The Variable Capital Company (‘VCC') model was first conceptualised in Singapore through the Variable Capital Companies Act, 2018. VCC model is a unique corporate structure tailored to support...

CCI, by its order dated February 10, 2016, has approved acquisition of 49.86% stake in SGL by Gujarat State Petroleum Corporation Limited; Gujarat State Petronet Limited; and Bharat Petroleum Corporation Limited.

The CCI also noted that while there were no existing vertical relationships, there were potential vertical links between the operations and products of parties

The CCI unconditionally approved Ancat’s acquisition of 29.06% shareholding in PUMA under Section 31(1) of the Competition Act, 2002 (‘Act’). The proposed combination would lead to Ancat increasing its shareholding in PUMA from 2.9% to around 32% (although post the completion of the proposed combination, Ancat’s shareholding in PUMA will be reduced to less than 30%).

Honda manufactures passenger vehicles in India through Honda Cars India Limited, two-wheelers through Honda Motorcycle and Scooter India Pvt. Ltd., and power products through Honda India Power Products Ltd. Astemo supplies automotive and power product components and has been jointly controlled by Honda, Hitachi, and JICC-01 Investment Business Limited Partnership since October 2023

Temasek Holdings' subsidiary Jongsong Investments acquired a 14.56% stake in Indian medical device manufacturer Romsons Group through a combination of preference share subscription and purchase from the Khanna family. The Competition Commission of India examined horizontal overlaps in medical devices and personal care products, along with twelve vertical and three complementary relationships involving Temasek portfolio companies, ultimately approving the transaction despite multiple market linkages.

The merger regulations under the Competition Act 2002 will finally come into effect from June 1, 2011.

A Disclosure Letter (DL) is a key risk allocation tool in any M&A/PE/VC transaction. In the discussions below, we cover a few elemental aspects of a DL, both from a Sellers' and Buyers' perspective.

To qualify as demerger one of the conditions is that the resulting company, as consideration for demerger, issues its shares to the shareholder of the demerged company in proportionate basis.

In the modern world, changes take place every moment and business houses face difficulties of various sorts.

On July 26, 2019, CCI approved the acquisition of shares of Mumbai International Airport Limited (‘MIAL') by GVK Airport Holdings Limited (‘GVK') increasing GVK's stake in MIAL from 50.5% to 60.5%.

Vide two notifications dated 7th March 2024, the Ministry of Corporate Affairs has (i) enhanced the wholesale price index of the monetary thresholds provided under Section...

In the matter of Sun Pharmaceuticals Industries Limited, the Ahmedabad bench of the NCLT has ruled that Section 234 of the Companies Act, 2013 and the FEMA Cross Border Merger Regulations

With protectionist winds holding sway in the developed economies, India seems to be bucking the trend with the notification of Section 234 of the Companies Act, 2013 on 13th April 2017...