The Indian Competition Authority fines an investment manager for failing to notify its acquisition of convertible debentures in a biopharmaceutical company and rejects the minority investment exemption over board-minutes access and facility visit rights (
Background On 14 January 2025, the Competition Commission of India (“CCI”) imposed a penalty of INR 40 lakhs on Goldman Sachs (India) Alternative Investment Management Private Limited (“GS AIMPL”), the investment manager of Goldman Sachs AIF Scheme-1 (“GS AIF”) (collectively, “Goldman Sachs”), for its failure to notify the subscription to optionally converti
