CCI approves BP Global's proposed acquisition of 49% in Reliance BP Mobility

The Competition Commission of India (CCI) has approved the proposed combination between BP Global Investments Limited (BP Global) and Reliance BP Mobility Limited (RBPML).

Under the proposed combination, Reliance Industries Limited (RIL) and its group entities will transfer the entire undertaking pertaining to the business of owning, operating and conducting petroleum retail and related activities in India along with the transfer of certain specified mobile aviation business assets at certain airport locations (which are currently owned and used by RIL) to RBPML.
Subsequently, BP Global will acquire an aggregate 49 per cent of the fully diluted paid-up equity share capital and voting rights in and of RBPML by way of acquisition of existing equity shares of RBPML from RIL and subscription by BP Global to fresh equity shares of RBPML.
BP Global is an investment holding company and holds shares in subsidiaries and associated companies. It currently does not conduct any business operations in India.
RBPML currently does not conduct any business operations and, accordingly, does not have any business activities in India or anywhere else in the world. However, post the proposed combination, it will operate the business that will be transferred to RBPML by RIL and its group entities.
CCI also approved the proposed acquisition of 100 per cent shares and control of Tech Data Corporation by Tiger Midco LLC.
The proposed combination relates to the acquisition of Tech Data Corporation (Tech Data) by Tiger Midco LLC by way of merger of Tech Data with a wholly owned subsidiary of Tiger Midco, viz., Merger Sub.
Tiger Midco is a special purpose vehicle set up and managed by investment funds managed by affiliates of Apollo Management, L.P that manage funds invested in equity and debt issued by entities involved in various businesses throughout the world.
Tech Data, a Nasdaq listed corporation, is active globally in the wholesale distribution of technology products and solutions to resellers. Tech Data is present in India through a subsidiary, Tech Data Advanced Solutions (India) Pvt Ltd.
Besides, the CCI approved the acquisition of less than 5 per cent shareholding in Intas Pharmaceuticals Limited by Canary Investments Limited and Link Investment Trust II.
The proposed combination relates to acquisition of less than 5 per cent shareholding of Intas Pharmaceuticals Limited by Canary Investments Limited and Link Investment Trust II.
Canary is an investment company registered in Mauritius. Link II is a private trust created and registered under the laws of India. 
Intas is a public limited company incorporated and registered under the laws of India. Intas is said to be a vertically integrated global pharmaceutical formulation development, manufacturing, and marketing company.
The approval, however, is subject to the carrying out of modifications proposed by Canary and Link II.