COMPETITION TRIBUNAL OF SOUTH AFRICA

Case No.: LM143Jan20

In the matter between:

Mahindra and Mahindra Limited 	Primary Acquiring Firm

And

Ardour Automotive Private Limited	Primary Target Firm

Panel: 	Y Carrim (Presiding Member)
AW Wessels (Tribunal Panel Member) 
F Tregenna (Tribunal Panel Member)

Heard on: 	19 February 2020

Decided on: 	19 February 2020

ORDER

Further to the recommendation of the Competition Commission in terms of section 14A(1)(b) of the Competition Act, 1998 ("the Act") the Competition Tribunal orders that-

1.	the merger between the abovementioned parties be approved in terms of section 16(2)(a) of the Act; and

2.	a Merger Clearance Certificate be issued in terms of Competition Tribunal Rule 35(5)(a).

Presiding Member Ms Yasmin Carrim
Concurring: Mr Andreas Wessels and Prof. Fiona Tregenna

Date: 19 February 2020