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The Competition Commission of India (CCI) has sanctioned Nippon Steel Corporation's full acquisition of Krosaki Harima Corporation, elevating Nippon Steel's stake in Krosaki from 46.6% to 100%. This move sees Nippon Steel strengthening its foothold in manufacturing and selling products in the steel industry, while
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The Competition Commission of India (CCI) has ordered M/s KKK Mills and M/s Sankeshwar Synthetics Pvt. Ltd, both based in Ludhiana, to halt anti-competitive practices after they were found guilty of collusive bidding in a tender for woollen underpants. This violation of Sections 3(3)(d) and 3(
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The Competition Commission of India (CCI) has approved Tata Steel Limited's proposed acquisition of sole control in Tata BlueScope Steel Pvt. Ltd. by purchasing the remaining 50% equity shareholding from BlueScope Steel Asia Holdings Pty Ltd. This acquisition will give Tata Steel full control over Tata BlueScope Steel,
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The Competition Commission of India (CCI) has ordered the Maharashtra Wine Merchants Association, Pune District Wine Merchants Association, and Association of Progressive Liquor Vendors to cease anti-competitive practices. These associations were found to be collectively imposing conditions on manufacturers, distributors, and sellers of alcoholic beverages, a violation of Sections 3(
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The Competition Commission of India (CCI) has approved a proposed business restructuring involving Curefit Healthcare Private Limited and its subsidiaries, Cultfit Healthcare and Curefit Services, as well as Fitness First Luxembourg (FF Lux). The transaction involves demerging the CultPass Elite and CultPass Pro memberships from Cultfit and Curefit Services into
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The Competition Commission of India (CCI) has approved Avenir Investment RSC Ltd.'s acquisition of shares in Sammaan Capital Limited. Avenir, a part of the Abu Dhabi-based International Holding Company PJSC, aims to expand its investment portfolio through this deal. Sammaan Capital, a non-banking financial company registered with the
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The Competition Commission of India (CCI) has authorized Schneider Electric SE's proposed acquisition of a 35% stake in two subsidiaries: Schneider Electric India Private Limited and Schneider Electric JV Holdings 2 Pte. Ltd. from MacRitchie Investments Pte. Ltd. Schneider Electric is a French multinational company focused on energy
Competition Commission of India
The Competition Commission of India has approved the acquisition of 100% shareholding of Jhajjar Power Limited by Jindal Jhajjar Power Limited. The acquirer is a wholly-owned subsidiary of Jindal Power Limited, which is involved in thermal power production, similar to the target company. Source: Original Link
Competition Commission of India
The Competition Commission of India has approved the acquisition of Toyota Industries Corporation by Toyota Asset Preparatory Co., Ltd. This acquisition involves Toyota Asset Preparatory Co., Ltd. acquiring 100% of Toyota Industries Corporation to restructure and consolidate it within the Toyota group. The Acquirer is an investment vehicle and is
merger
The Competition Commission of India has approved the merger of ADES International Cayman, a subsidiary of ADES International Holding Ltd., with Shelf Drilling, Ltd. Shelf Drilling will be the surviving entity, and shareholders will receive cash proceeds from the merger. ADES International focuses on managing subsidiaries in the oil and
Competition Commission of India
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
Competition Commission of India
The Competition Commission of India has approved Lence Pte. Ltd.'s acquisition of 11% to 20% shareholding in AWL Agri Business Limited, increasing its stake from 43.94% to a maximum of 63.94%. AWL Agri Business, formerly Adani Wilmar Limited, operates in the FMCG sector, focusing on edible