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 [1]. 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
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The Indian Competition Authority takes action against gun-jumping in the financial industry (Alpha / Tata)
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