This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Motilal Oswal caught in green channel mishap, faces penalty from Indian antitrust watchdog

By Freny Patel ( September 3, 2024, 03:23 GMT | Insight) -- Motilal Oswal Financial Services, a prominent Indian financial services company, has been penalized for misrepresenting the nature of its relationship with VVDN Technologies during a merger approval process under the expedited "green channel." The Competition Commission of India imposed a penalty of 1 million rupees ($12,500) on Motilal Oswal after determining the existence of a vertical or complementary relationship between the acquirer's portfolio company and the target. This is the second time that the CCI has issued a penalty for an incorrect green channel filing. Motilal Oswal Financial Services, a prominent Indian financial services company, has been penalized for misrepresenting the nature of its relationship with VVDN Technologies during a merger approval process under the expedited "green channel." ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login