The Indian Competition Authority fines a company for delay in filing a merger notification (Tesco)

On 27 May 2014, the Competition Commission of India (“CCI”) imposed a penalty of INR 30 million (approximately USD 0.5 million) on Tesco Overseas Investments Limited (“Tesco”) for delay in filing a merger notification. This is the highest penalty that the CCI has levied so far for a delay in filing. Tesco filed a merger notification with the CCI on 31 March 2014 pursuant to the execution of a Joint Venture Agreement and a Share Purchase Agreement on 21 March 2014 to acquire a 50% stake in a Tata group firm, Trent Hypermarket Limited (“Trent”). However, prior to

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Desai Gaurav, Vijay Pratap Singh Chauhan, The Indian Competition Authority fines a company for delay in filing a merger notification (Tesco), 27 May 2014, e-Competitions Bulletin May 2014, Art. N° 68596

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