Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Sep 21, 2019

CCI Approves Acquisition of Sundaram BNP Paribas Home Finance Limited by Sundaram Finance Limited

On July 26, 2019, CCI approved the acquisition of 49.9% equity shareholding of Sundaram BNP Paribas Home Finance Limited (‘SHFL’) by Sundaram Finance Limited (‘SFL’). The acquisition resulted in SHFL becoming a wholly owned subsidiary of SFL since SFL held 50.1% of the equity shares of SHFL prior to the combination. [1]

SFL is a deposit-taking non-banking financial company registered with the RBI and is primarily engaged in financing purchase of commercial vehicles, cars, construction equipment and tractors. SHFL, a housing finance company, is a joint venture between SFL and BNP Paribas Personal Finance SA (‘BNPP’).

CCI observed that even though SFL’s distribution activity of financial products is vertically placed to the housing finance business of SHFL, the value of housing finance products distributed by SFL, for other financial institutions has not been significant to raise any competition concerns. Accordingly, CCI approved the combination.

[1] Combination Registration No. C-2019/06/670.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

Irregular Practices in Grant of Loans Against Pledge of Gold Ornaments and Jewellery

Oct 30, 2024 | Banking & Finance
Inter Alia

Bombay High Court Safeguards Celebrity Personality Rights in AI Era: Arijit Singh Case

Oct 30, 2024 | Intellectual Property
Inter Alia

Amendments to Disclosure and Compliance Requirements with respect to Listed Non-Convertible Debt Securities

Oct 30, 2024 | Regulatory & Securities