TaxTMI 
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TaxTMI 
CCI approves acquisition of equity share capital of Sajjan India Limited by Sona Company Pte. Ltd.
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....CI approves acquisition of equity share capital of Sajjan India Limited by Sona Company Pte. Ltd. <br>News and Press Release<br>Dated:- 14-2-2022<br><BR>The Competition Commission of India (CCI) appro....
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....ves acquisition of equity share capital of Sajjan India Limited (Target) by Sona Company Pte. Ltd. (Acquirer) under Section 31(1) of the Competition Act, 2002. The proposed combination relates to inv....
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....estment in the Target by way of acquisition of equity shares of the Target and falls under Section 5(a) of the Competition Act, 2002. Acquirer The Acquirer is an investment company, incorporated und....
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....er the laws of Singapore. The Acquirer does not have any physical presence in India. The Acquirer does not have any portfolio companies or investments in India as on the date of the notice. Target I....
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....n India, the Target's activities are limited to: (i) contract manufacture and manufacture of chemical compounds used in agro-chemicals; (ii) manufacture and trade of specialty chemicals; (iii) manufac....
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....ture and trade of chemical compounds used in dyes and pigments; (iv) manufacture of chemical compounds / intermediates (not being active pharmaceutical ingredients) used in pharmaceuticals; and (v) ma....
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....nufacture of chemical reagents. Detailed order of the CCI will follow.<BR> News - Press release - PIB....