Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Corp. Laws, SEBI & IBC

        CCI approves proposed combination involving, inter alia, Amazon Asia-Pacific, Frontizo, Appario, Haverl and CRPL

        July 25, 2024

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        The Competition Commission of India (CCI) has approved the proposed combination involving, inter alia, Amazon Asia-Pacific Holdings Private Limited (Amazon Asia-Pacific), Frontizo Business Services Private Limited (Frontizo), Appario Retail Private Limited (Appario), Haverl LLC (Haverl) and Clicktech Retail Private Limited (CRPL).

        The Proposed Combination involves the following transactions:

        a. Acquisition by Amazon Asia-Pacific of 76% of the equity shares in Frontizo from Zodiac Wealth  Advisors LLP (Zodiac)

        b. Acquisition of Appario’s entire business, as a going concern, by CRPL,

        c. Acquisition of 1% shareholding by Haverl in New Trends Commerce Private Limited (NTCPL)

        d. Intra group transactions among Clicktech Enterprises Private Limited (CEPL), NTCPL and CRPL.

        Amazon Asia-Pacific acts as the seller of record for distribution of digital kindle content to end-customers in India. Amazon.com, Inc, the ultimate parent company of Amazon Asia-Pacific, has certain indirect subsidiaries either registered in India or having business operations in India (Amazon Affiliates). Some of these Amazon Affiliates are engaged in business activities in the Indian retail market and wholesale (B2B) sales in India.

        Frontizo is engaged in the business of providing customer support services to customers on the online marketplace, www.amazon.in and www.amazon.in/business (collectively, Amazon India Marketplace), operated by the Amazon Affiliate, Amazon Seller Services Private Limited (ASSPL) in India and to customers on Amazon.com, which is the online marketplace offered by Amazon Affiliates in the US. Frontizo provides customer support services through email, chat and telephone.

        Frontizo’s wholly-owned subsidiary, Appario, is engaged in retail (B2C) business and wholesale (B2B) sales in India. It currently offers for sale products to customers on the Amazon India Marketplace, operated by ASSPL.

        Haverl is engaged in the business of making and holding investments.

        CEPL is the parent/holding entity of NTCPL.

        NTCPL is the parent entity of CRPL. NTCPL would commence the business of providing Business Onboarding and Integration Services.

        CRPL is engaged in B2C and B2B sale of products to customers on the Amazon India Marketplace.

        Detailed order of the CCI will follow.

        Merger control clearance for multi party proposed combination involving acquisitions and intragroup transfers in online retail services. CCI approves a multi-transaction proposed combination involving acquisitions and intra-group transfers among Amazon Asia Pacific, Frontizo, Appario, Haverl, NTCPL, CEPL and CRPL. Key transactions comprise Amazon Asia Pacific acquiring 76% of Frontizo, Appario's business transferred as a going concern to CRPL, Haverl taking a minority stake in NTCPL, and intra group arrangements between CEPL, NTCPL and CRPL. The parties' activities-digital content distribution, customer support services, B2C retail and B2B wholesale sales, and business onboarding services-frame the competitive context; a detailed CCI order will follow.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Merger control clearance for multi party proposed combination involving acquisitions and intragroup transfers in online retail services.

                                CCI approves a multi-transaction proposed combination involving acquisitions and intra-group transfers among Amazon Asia Pacific, Frontizo, Appario, Haverl, NTCPL, CEPL and CRPL. Key transactions comprise Amazon Asia Pacific acquiring 76% of Frontizo, Appario's business transferred as a going concern to CRPL, Haverl taking a minority stake in NTCPL, and intra group arrangements between CEPL, NTCPL and CRPL. The parties' activities-digital content distribution, customer support services, B2C retail and B2B wholesale sales, and business onboarding services-frame the competitive context; a detailed CCI order will follow.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found