13 October, 2014
On August 26, 2014, CCI approved the proposed combination between Wipro GE Healthcare Private Limited (‘Wipro GE’) and GE Technology Centre Private Limited (‘GEITC’) pursuant to the execution of an Asset Purchase Agreement (‘APA’) whereby Wipro GE would acquire assets of GEITC used in bio-technology and life sciences.
CCI noted that there is no horizontal overlap between GEITC and Wipro GE and that GEITConly provides services to GE group affiliates globally, accordingly, CCI approved the proposed acquisition observing that it was not likely to cause an appreciable adverse effect on competition in India.
For further information, please contact:
Zia Mody, AZB & Partners
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Abhijit Joshi, AZB & Partners
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Shuva Mandal, AZB & Partners
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Samir Gandhi, AZB & Partners
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Percy Billimoria, AZB & Partners
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Aditya Bhat, AZB & Partners
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