1. Introduction 1.1. The Competition Commission of India (CCI), while approving the acquisition of 17.36% post issue equity share capital of Standard Greases & Specialties Private Limited (SGSPL) by Alpha TC Holdings Pte Limited (Alpha TC Holdings) and Tata Capital Growth Fund I (TCGF I), respectively (Alpha TC Holdings and TCGF I are together referred to as the Acquirers) (Transaction), re-iterates it’s interpretation of ‘control’ under the provisions of the Competition Act, 2002 (Competition Act), the principal legislation governing competition law in India, by way of its order dated 9 September 2014 . 2. Transaction 2.1. The Acquirers are engaged in the business of investment. Alpha TC Holdings is an investment holding company incorporated in Singapore, fully held by Tata
The Indian Competition Authority takes action against gun-jumping in the financial industry (Alpha / Tata)
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