The Competition Commission of India re-defines control and approves an acquisition (Caladium / Bandhan)

Introduction Caladium Investment Pte. Ltd. (“Caladium”) is a company incorporated in Singapore and an affiliate of GIC, Singapore’s sovereign wealth fund. Bandhan Financial Services Limited (“BFSL”) is a company registered with the Reserve Bank of India (“RBI”) as a non-banking financial company-micro finance institution, having ‘in-principle’ approval from the RBI to set up a bank. Pursuant to such approval, BSFL incorporated Bandhan Financial Holdings Ltd. as a non-operating financial holding company (‘NOFHC’) which, in turn, incorporated Bandhan Bank Ltd. (‘Bank’). Caladium filed a notification with the Competition Commission of India (“CCI”)

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Authors

  • Shardul Amarchand Mangaldas & Co (Mumbai)
  • Economic Laws Practice (Mumbai)

Quotation

Gauri Chhabra, Suhail Nathani, The Competition Commission of India re-defines control and approves an acquisition (Caladium / Bandhan), 25 June 2015, e-Competitions Bulletin June 2015, Art. N° 77384

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