SAPLING Dialogue 2026 Concludes with Call for holistic development of food processing Sector (See 'Corp Brief') Measures activated to shield Domestic Fertilizer Supply from Global Geo-Political Disruptions: Govt (See 'Corp Brief') CCI approves acquisition of certain shareholding in PUMA SE by Ancat Holding (See 'Corp Brief') IBC - Write-off of inventory may be held fraudulent u/s 66(1) if surrounding facts show non-maintenance and withholding of stock records, inconsistency between inventory figures and operational trends: NCLT (See 'Legal Desk') CCI approves acquisition of equity in Shriram Life Insurance by Sanlam Emerging Markets (See 'Corp Brief') Ministry of Coal to organize Roadshow on Coal and Lignite Gasification Projects in Hyderabad (See 'Corp Brief') MoS leads delegation at 114th International Labour Conference in Geneva (See 'Corp Brief') No ban on Import of Indian Mangoes by Nepal (See 'Corp Brief') IBC - Advance paid to corporate debtor for supply of goods or services, where claim has nexus with provision of goods or services, constitutes operational debt within meaning of Sec 5(21): NCLT (See 'Legal Desk') TRAI issues amended 'Rating Manual 2026' for assessment of Digital Connectivity (See 'Corp Brief') Zojila Tunnel to establish All-Weather Connectivity Between J&K and Ladakh (See 'Corp Brief') IPR - Foreign FRAND rate-setting action filed by implementer may be treated as relevant material at pro tem stage in assessing prima facie essentiality / need for licensing: HC (See 'Legal Desk') Ministry of MSME Promoting Inclusive Entrepreneurship through National SC-ST Hub Scheme (See 'Corp Brief') GeM Boosts MSE Inclusion: Registered Units Rise to 11.9 Lakh (See 'Corp Brief') Strong, transparent and modern cooperative institutions will energise rural economy: Bhutani (See 'Corp Brief') Trade Marks - CALPOL & CALPOL FAST medicines granted status of well-known trademark as material demonstrates strong consumer association of mark with Plaintiff & its distinctiveness in pharma sector: HC (See 'Legal Desk') SAIL sharpens strategic priorities for FY27, reinforces market position (See 'Corp Brief') Railways sanctions upgradation of Electric Traction System on Bengaluru-Tumkur Section (See 'Corp Brief') IBC - Once resolution plan was approved by CoC, successful resolution applicant is bound by it and cannot seek to evade implementation by raising objections to LoI stipulations that are inherent in process: SC (See 'Legal Desk') Railways sanctions upgradation of Electric Traction System on Mahbubnagar-Secunderabad Section (See 'Corp Brief') Capital Market - Finding of 'fraud' under SEBI PFUTP Regulations, 2003, cannot be sustained, if Securities Appellate Tribunal had committed 'egregious error' in affirming SEBI's conclusions on manipulation & fraudulent intent: SC (See 'Legal Desk') MoS inaugurates Self-ticketing Kiosks at National Zoological Park (See 'Corp Brief') Ministry of Panchayati Raj to organise outreach workshop on Atmanirbhar Panchayat Program (See 'Corp Brief') Mandaviya leads nationwide World Bicycle Day celebrations with actor Vikrant Massey (See 'Corp Brief') IPR - Nature of enquiry u/s 57, being one for cancellation or rectification of register, is founded upon appreciation of statutory parameters such as distinctiveness, prior use and likelihood of confusion: HC (See 'Legal Desk') MoS inaugurates Daycare Facility for Children of MSDE Employees at Kaushal Bhawan (See 'Corp Brief') National Biodiversity Authority Celebrates World Environment Day 2026 (See 'Corp Brief') AI-enabled Sayuj App & Open Challenge Program 1.0 launched to strengthen Startup Ecosystem: MoS (See 'Corp Brief') Over 6,000 youth from across country to celebrate innovation & leadership (See 'Corp Brief') IBC - Land leased by statutory authority cannot be excluded from Corporate Debtor's assets on ground that development rights were transferred without consent: NCLT (See 'Legal Desk') IBC's Primacy Over the Electricity Act and the Extinguishment of Pre-CIRP Claims (See CORP EINSICHT)

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CCI okays acquisition of stake of Speed JVco S.a r.l. (Target) by Ramon Investments

Published: Dec 18, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 18, 2024: THE Competition Commission of India has approved the acquisition of certain stake of Speed JVco S.a r.l. (Target) by Ramon Investments Pte. Ltd. (Acquirer). The Proposed Combination involves the acquisition of certain stake of the Target by the Acquirer.

Acquirer is an investment holding company and does not engage in any business operation other than holding investments. It is an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited (Temasek).

Temasek is an investment company headquartered in Singapore. Temasek's global portfolio covers a broad spectrum of industries including transportation; financial services; telecommunications, media & technology; consumer & real estate; life sciences & agri-food; and multi-sector funds.

Target including its affiliates, inter alia, provides visa outsourcing and related services i.e., offering visa application and consular services to governments and diplomatic missions; travel-related services including facilitation of travel itinerary and hotel reservations, facilitation of travel insurance and other ancillary services such as providing sim cards and forex, etc.

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