The Competition Commission of India has approved the combination of Hero Investments Private Limited and Hero Moto Corp. Ltd (HMCL). HMCL, an automaker, recently split from Honda Motor. Hero Investments is the investment holding company of HMCL–it holds 43.33 percent of HMCL’s share capital. The CCI cleared the combination because the two companies are engaged in different business activities–Hero Investments does not produce, supply, distribute, store or sell any goods or services, but is solely the investment arm of its parent.
Full content: The Hindu Business Line
Related content: Merger Control in India: Partial Implementation of the ICN Recommended Practices
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI