CCI Approves Acquisition in Cement Sector
The Competition Commission of India has approved a combination involving the acquisition of Shree Digvijay Cement Company Limited by India Resurgence Fund and the acquisition of Hi-Bond Cement (India) Private Limited by Digvijay Cement Company Limited. This move is part of a long-term business arrangement between the two companies, both engaged in the manufacture and sale of grey cement.
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