Antitrust Antitrust

ADIA, TPG Group entities penalized in India's first green-channel gun-jumping case

By Freny Patel
  • 24 Aug 2023 02:27
  • 24 Aug 2023 03:28
False declarations made by Abu Dhabi Investment Authority and TPG Group while using India's green-channel facility in the acquisition of a stake in UPL Sustainable Agri Solutions Ltd has cost the acquirers 5.5 million rupees ($68,750).
This is the first instance of a transaction filed under the green-channel approval route

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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