competition commission of India

CCI Suspends Approval for Amazon-Future Deal

By way of an order dated December 17, 2021, the Competition Commission of India (“CCI”) has fined Amazon.com NV Investment Holdings LLC (“Amazon”) an amount of INR 200 crore for suppression of facts in its application to the CCI for approval of its proposed acquisition of 49% of the shares of Future Coupons Private Limited (the “Amazon Acquisition”). The CCI has also directed Amazon to file a fresh application for approval of the Amazon Acquisition and stated that until disposal of the fresh application to be filed by Amazon, the earlier approval order of the CCI shall “remain in abeyance”.

This note analyses this decision of the CCI, including the basis for the CCI’s suspension of its approval and Amazon’s internal material considered by the CCI.


global investigation review

Global Investigation Review – The Guide to International Enforcement of the Securities Laws (First Edition)

We are pleased to share the India chapter of the Global Investigations Review’s Guide on International Enforcement of the Securities Laws (First Edition). The India chapter has been authored by Niti Dixit, Shahezad Kazi, Dhruv Nath and Zahra Aziz with assistance from Muizz Drabu and Gladwin Issac, all lawyers at S&R. The India chapter provides information on relevant statutes and the government authorities responsible for investigating and enforcing them, conduct most commonly the subject of securities enforcement, and legal issues that commonly arise in enforcement investigations in India.