The Competition Commission under the Government of India, which a statutory body for implementing The Competition Act of 2002, and that aims at preventing activities that have an adverse effect on competition in India.
The CCI has given approval for three proposals under the Green Channel combinations. An initiative that would result in significant reduction of time and cost of transactions. The objective of the Green Channel is to maintain and promote a responsible review of combination matters, and support economic growth.
One of the combinations is related to 100 per cent acquisition of both IDBI Asset Management Ltd (IAML) and IDBI MF Trustee Company Ltd (IMTL) by Muthoot Finance Ltd (MFL). Muthoot Finance Limited, an Indian financial corporation. Muthoot Finance, the country's largest gold financing company, marked its entry into mutual fund asset management space through this combination.
The other combination is the acquisition of Adani Electricity Mumbai Ltd (AEML) and Adani Electricity Mumbai Services Ltd (AEMSL) by Qatar Holding LLC (QH). Qatar Holding LLC (QH) is a global investment house established in 2006, founded by the Qatar Investment Authority (QIA) and licensed by the Qatar Financial Centre Authority (QFCA).
The other combination is the acquisition of Adani Electricity Mumbai Ltd (AEML) and Adani Electricity Mumbai Services Ltd (AEMSL) by Qatar Holding LLC (QH). Qatar Holding LLC (QH) is a global investment house established in 2006, founded by the Qatar Investment Authority (QIA) and licensed by the Qatar Financial Centre Authority (QFCA).
A green channel combination has also been filed in respect of Green Rock, NIIF and Indo-Infra acquisition and control of GVK Airport Holdings Ltd and its subsidiaries — Mumbai International Airport Ltd and Navi Mumbai International Airport Private Ltd.
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