AZB acts on first Green Channel combination received by CCI as Sachin Bansal's BAC looks to acquire Essel Mutual Fund

Aditya AK October 8 2019
Green Channel

The Competition Commission of India recently received its first Green Channel combination filing, as Sachin Bansal-owned BAC Acquisitions Private Limited (BACQ) plans to acquire Essel Mutual Fund.

The Green Channel is a means to enable quick regulatory approvals for mergers and acquisitions that do not have any appreciable adverse effects on competition. It was introduced this year through an August 2019 amendment to the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations.

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