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
Canadian Government Approves Bunge-Viterra Merger with Conditions
Jan 15, 2025 by
CPI
SEC Sues Elon Musk Over Delayed Disclosure of Twitter Stock Ownership
Jan 15, 2025 by
CPI
European Commission Orders Lufthansa to Support Condor’s Frankfurt-New York Route
Jan 15, 2025 by
CPI
No Pause for Big Tech Probes: EU Keeps Pressure on as Trump Arrives
Jan 15, 2025 by
CPI
Meta Faces Roadblocks in India After Antitrust Ruling, Warns of Feature Rollbacks
Jan 15, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand