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CCI Invites Comments from Public in Respect of Proposed Merger Between Sun Pharma and Ranbaxy
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....CI Invites Comments from Public in Respect of Proposed Merger Between Sun Pharma and Ranbaxy <br>News and Press Release<br>Dated:- 4-9-2014<br><BR>On 06.05.2014, the Competition Commission of India received a notice from Sun Pharmaceuticals Industries Limited (Sun Pharma) and Ranbaxy Laboratories Limited (Ranbaxy) in relation to the merger of Ranbaxy into Sun Pharma. In terms of Section 29(2) of ....
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....the Competition Act, 2002 (Act), the Commission formed a prima facie opinion that the combination is likely to have an appreciable adverse effect on competition and accordingly directed Sun Pharma and Ranbaxy (Parties) to publish details of the combination within ten working days for bringing the combination to the knowledge or information of the public and persons affected or likely to be affecte....
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....d by such combination. The parties are required to publish the details of the combination in All India editions of four leading daily newspapers, including at least two business newspapers, and also host the same on their respective websites. The said details are also available on the website of the Commission (http://cci.gov.in/index.php?option=com_content&task=view&id=196). As per the provisio....
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....ns of Section 29(3) of the Act, the Commission invites comments/objections/ suggestions in writing, from any person(s) adversely affected or likely to be affected by the combination, to be addressed to the Secretary, Competition Commission of India, the Hindustan Times House, 7th Floor, 18-20, Kasturba Gandhi Marg, New Delhi- 110001, within fifteen working days from the date of publication.<BR> Ne....
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....ws - Press release - PIB....