Type of combinations ordinarily not likely to cause an appreciable adverse effect on competition in India [ See regulation 4 ]

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....ent (25%) or More] of the total shares or voting rights of the company, of which shares or voting rights are being acquired, directly or indirectly or in accordance with the execution of any document including a share holders agreement or articles of association, not leading to acquisition of control of the enterprise whose shares or voting rights are being acquired. 12[Explanation:- The acquisition of less than ten per cent of the total shares or voting rights of an enterprise shall be treated as solely as an investment: Provided that in relation to the said acquisition,- (A) the Acquirer has ability to exercise only such rights that are exercisable by the ordinary shareholders of the enterprise whose shares or voting rights are being ....

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....f clause (a) of section 5 of the Act, not directly related to the business activity of the party acquiring the asset or made solely as an investment or in the ordinary course of business, not leading to control of the enterprise whose assets are being acquired except where the assets being acquired represent substantial business operations in a particular location or for a particular product or service of the enterprise, of which assets are being acquired, irrespective of whether such assets are organized as a separate legal entity or not. (4) An amended or renewed tender offer where a notice to the Commission has been filed by the party making the offer, prior to such amendment or renewal of the offer: Provided that the compliance with r....

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....ares, control, voting rights or assets by a purchaser approved by the Commission pursuant to and in accordance with its order under section 31 of the Act.] 10[****] ************** NOTES:- 1. Substituted vide F.No.3-1/Amend/Comb. Regl./2012/CD/CCI dated 23-02-2012 before it was read as, "do not exceed fifteen per cent (15%)" 2. Substituted vide F.No.3-1/Amend/Comb. Regl./2012/CD/CCI dated 23-02-2012 before it was read as, "(6) An acquisition of shares or voting rights pursuant to a bonus issue or stock splits or consolidation of face value of shares or subscription to rights issue to the extent of their entitled proportion, not leading to acquisition of control." 3. Omitted vide F.No.3-1/Amend/Comb. Regl./....