CCI approves acquisition of EPC Constructions India Limited by Royale Partners

On January 31, 2019, CCI approved the acquisition of 100% of the equity shares of EPC Constructions India Limited (‘EPCC’) by Royale Partners. The said transaction is subject to the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.[1]

Royale Partners is engaged in the business of investing in companies. EPCC is engaged in the supply of EPC services as covered above.

In its competitive assessment, CCI noted that there were no horizontal or vertical overlaps between EPCC and Royale Partners. In light of the above, CCI approved the combination since it was not likely to have any AAEC in India in any of the markets.

[1] Combination Registration No. C- 2019/01/632