Introduction to Mergers
Competition Commission of India
A review of
Mergers & Acquisitions in India
(Research Paper prepared under the Internship Programme of
Competition Commission of India)
(September - 2012)
Submitted By :
Under guidance of :
Hari Krishan,
Student : CS Professional Programme,
The Institute of Company Secretaries of India
Shri Ajay Goel,
Joint Director (Law),
Combination Division,
Competition Commission of India
A review of Mergers & Acquisitions in India
DISCLAIMER
This project report/dissertation has been prepared by the author as an intern under the Internship
Programme of the Competition Commission of India for academic purposes only. The views expressed in the report are personal to the intern and do not necessarily reflect the view of the Commission or any of its staff or personnel and do not bind the Commission in any manner. This report is the intellectual property of the
Competition Commission of India and the same or any part thereof may not be used in any manner whatsoever, without express permission of the
Competition Commission of India in writing.
Hari Krishan, Intern - CCI, September 2012
Page 2 of 56
A review of Mergers & Acquisitions in India
ACKNOWLEDGEMENTS
On the completion of this paper, I would like to place on record my sincere gratitude towards all those people who have been instrumental in its making.
I express my sincere gratitude towards Shri Ajay Goel, {Joint Director(Law), Combination
Division, Competition Commission of India} for his guidance and excellent insights which gave direction and focus to this paper. I thank him for lending his precious time in making this project an authentic piece of work.
I also put on record my gratitude towards the library staff, which has provided me help and access to all the resourceful material for my research.
I am indebted towards Competition Commission of India, for providing me an opportunity to have a learning experience. During
A review of
Mergers & Acquisitions in India
(Research Paper prepared under the Internship Programme of
Competition Commission of India)
(September - 2012)
Submitted By :
Under guidance of :
Hari Krishan,
Student : CS Professional Programme,
The Institute of Company Secretaries of India
Shri Ajay Goel,
Joint Director (Law),
Combination Division,
Competition Commission of India
A review of Mergers & Acquisitions in India
DISCLAIMER
This project report/dissertation has been prepared by the author as an intern under the Internship
Programme of the Competition Commission of India for academic purposes only. The views expressed in the report are personal to the intern and do not necessarily reflect the view of the Commission or any of its staff or personnel and do not bind the Commission in any manner. This report is the intellectual property of the
Competition Commission of India and the same or any part thereof may not be used in any manner whatsoever, without express permission of the
Competition Commission of India in writing.
Hari Krishan, Intern - CCI, September 2012
Page 2 of 56
A review of Mergers & Acquisitions in India
ACKNOWLEDGEMENTS
On the completion of this paper, I would like to place on record my sincere gratitude towards all those people who have been instrumental in its making.
I express my sincere gratitude towards Shri Ajay Goel, {Joint Director(Law), Combination
Division, Competition Commission of India} for his guidance and excellent insights which gave direction and focus to this paper. I thank him for lending his precious time in making this project an authentic piece of work.
I also put on record my gratitude towards the library staff, which has provided me help and access to all the resourceful material for my research.
I am indebted towards Competition Commission of India, for providing me an opportunity to have a learning experience. During