18.19 lakh new workers enrolled under ESI in Jan month (See 'Corp Brief') Credit to women by PSBs - Substantial increase over last 5 years: MoS (See 'Corp Brief') A&C - If renewal of contract is based on criteria of performance, contract is deemed to have to been extended, if said criteria is met: HC (See 'Legal Desk') MeitY to host 'Nano Electronics Roadshow' at Bengaluru (See 'Corp Brief') IPR - Clear case of capitalizing on plaintiff's goodwill & reputation, by infringing products bearing plaintiffs trademark, calls for compensation and damage cost: HC (See 'Legal Desk') 12 Mines Successfully auctioned: Govt (See 'Corp Brief') IBC - Commercial wisdom of Committee of Creditors (CoC) in rejecting resolution plan and opting for liquidation is 'non-justiciable': NCLAT (See 'Legal Desk') IICA launches Samarthya: National Competition on Corporate Rescue Strategies 2025 (See 'Corp Brief') NI Act - Cause of action u/s 138 arises only when amount remains unpaid even after expiry of fifteen days from date of receipt of demand notice: SC (See 'Legal Desk') APEDA facilitates export of Anthurium flowers from Mizoram to Singapore (See 'Corp Brief') Competition Act - Transaction is notifiable and by consummating same without filing notice u/s 6(2) of Act, GS is liable to penalty u/s 43A of Act: CCI (See 'Legal Desk') Goa Shipyard launches second P1135.6 frigate (See 'Corp Brief') IBC - Mere absence of option to purchase leased equipments vested in Corproate Debtor can not make financial lease as operational lease: NCLT (See 'Legal Desk') 'Building Climate-Resilient Future' symposium concludes with commitment to Action (See 'Corp Brief') Most prudent course of action is to direct company to refund money raised through IPO, if company relied on sham entity and participated in cover-up: SEBI (See 'Legal Desk') Indian Army organises Special Cataract Eye Surgery Camp for Ex-servicemen (See 'Corp Brief') Stock broker shall be liable for monetary penalty in respect of violations, inter-alia namely, extending use of trading terminal to any unauthorized person or place: SEBI (See 'Legal Desk') Change by Heraclitus and LODR Regulations (See 'Corp EINSICHT')

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CCI approves acquisition of Global Infrastructure by BlackRock Funding

Published: Jun 12, 2024

By TIOLCorplaws News Service

NEW DELHI, JUNE 12, 2024: THE Competition Commission of India (CCI) has approved acquisition of Global Infrastructure Management, LLC by BlackRock Funding, Inc.

The proposed combination relates to the acquisition of 100% of the limited liability company interests in Global Infrastructure Management, LLC (GIM) by BlackRock Funding, Inc (BFI). 

BFI is a newly formed wholly owned subsidiary of BlackRock Inc. (BlackRock), with no independent activities. BlackRock is a U.S. publicly traded company active in the provision of global investment management, risk management and advisory services to institutional and retail clients around the world. BlackRock manages assets on behalf of institutional and individual investors worldwide.

GIM is a global independent infrastructure fund manager, headquartered in New York City, United States. GIM and its affiliates manage certain investment funds operating under the trading name Global Infrastructure Partners (the "GIP Funds").

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