The Competition Commission of India (CCI) on Tuesday, Dec.20, said it has approved Woodhall Holdings Ltd's acquisition of a minority stake in UPL Sustainable Agri Solutions Ltd (UPL SAS).
The deal has been cleared under the green channel route. Under this framework, a transaction which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on being intimated to the fair trade regulator.
✔️ Woodhall Holdings Ltd (WHL) is a special purpose vehicle and part of Brookfield Asset Management, a Canadian multinational company that is one of the world's largest alternative investment management companies.
✔️ UPL Sustainable Agri Solutions Ltd (UPL SAS) is an Indian agro-chemical company engaged in the manufacture, marketing, and sales of various agro-chemicals such as insecticides, herbicides, and anti-sprouting agents.
"Given that there are no overlaps between the parties to the proposed transaction, it does not raise any risk of an appreciable adverse effect on competition in any relevant market(s) in India. Therefore, the proposed transaction is being notified under the green channel route,"
CCI said.
Source: Moneycontrol
