By Freny Patel ( September 9, 2022, 01:59 GMT | Insight) -- US-headquartered private equity fund Global Infrastructure Partners has been hit by a $37,638 penalty for failing to notify the Indian competition watchdog four years ago of its acquisition of IDFC Alternatives' infrastructure asset-management business. The Competition Commission of India said that the one-year limitation of its "look-back" powers didn’t apply to instances of gun-jumping and that, as a result, it was authorized to penalize the company for its 2018 takeover.US-headquartered private equity fund Global Infrastructure Partners, or GIP, has been hit by a 3 million rupee ($37,638) penalty for failing to notify the Indian competition watchdog four years ago of its acquisition of IDFC Alternatives' infrastructure asset-management business....
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