The petitioner had alleged that the companies were pricing their vehicles in violation of the subsidy under FAME provisions, making the market uncompetitive for small manufacturers.
The Commission approved acquisition by JSW Ventures Singapore Pte Ltd, for up to approximately 38 per cent of the share capital of MG Motor India Pvt Ltd Get more Companies News and Business News on Zee Business.
The fair trade regulator allowed the four entities to acquire Religare's 5.27 per cent through stock market purchase and another 26 per cent through an open offer
The case centres around the National Company Law Appellate Tribunal s (NCLAT) decision, which partially upheld the CCI s order imposing a hefty Rs 1,337-crore fine on Google, , google, antitrust, Competition Commission of India (CCI)