CCI Clears British Investment in ReNew Photovoltaics
The Competition Commission of India has approved British International Investment plc’s investment in ReNew Photovoltaics Private Limited. The UK government-owned development finance institution will invest in the Indian manufacturer of solar modules and solar cells by subscribing to its securities.This move aligns with India's broader clean energy goals. A detailed CCI order will follow...
CCI Approves Coromandel's Stake Acquisition in NACL
The Competition Commission of India has approved Coromandel International Limited’s proposed acquisition of equity shares in NACL Industries Limited. Coromandel, a public listed agri-solutions provider, operates in crop nutrition, crop protection, active ingredients, and retail.NACL Industries, also a listed firm, offers a range of crop protection products including insecticides, fungicides, and herbicides. The acquisition aims to enhance Coromandel’s presence in the agrochemical sector. A detailed order is awaited. ..
CCI Fines Publishers' Body Again for Anti-Competitive Practices
The Competition Commission of India (CCI) has penalised the Federation of Publishers’ and Booksellers’ Association in India (FPBAI) and three office-bearers for indulging in anti-competitive conduct. This includes fixing inflated conversion rates for imported books and journals, enforcing pricing terms on its members, and promoting only its approved suppliers to institutions. These practices violate Sections 3(3)(a), 3(3)(b) and 3(1) of the Competition Act.Despite an earlier cease and desist order from CCI, old circulars related to discount restrictions remained online and unwithdrawn. Con..
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