CCI penalises investment manager of Goldman Sachs AIF for failing to notify Biocon deal

The Competition Commission of India fined Goldman Sachs AIMPL Rs 40 lakh for not notifying it about a deal that included acquiring optionally convertible debentures in Biocon Biologics, providing significant rights beyond those of ordinary shareholders, which necessitated prior notification under the Competition Act.

Leave a Reply

Your email address will not be published. Required fields are marked *