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

Jan 16, 2025 - 23:00
CCI penalises investment manager of Goldman Sachs AIF for failing to notify Biocon deal

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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.

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