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The Competition Commission of India (CCI) has granted approval for several significant acquisitions. Ambuja Cements Limited will acquire a 72.8% stake in Orient Cement Limited, a move valued at ₹8,100 crore. This acquisition is seen as a positive development for the Adani Group. Additionally, CCI approved JSW Energy Limited's acquisition of 100% shareholding in KSK Mahanadi Power Company Limited, as well as Shell Deutschland GmbH and Shell Overseas Investments B.V.'s acquisition of 100% equity share capital of Raj Petro Specialities Private Limited. Other approvals include Alpha Wave Ventures II, LP's acquisition of a 12.44% shareholding in Advanta Enterprises Limited and Adani Infra (India) Limited's acquisition of equity shares in PSP Projects Limited.
The Competition Commission of India (@CCI_India) approves the proposed acquisition of certain shareholding of Schott Poonawalla Private Limited by TPG Scion SG Pte. Ltd. Read more: https://t.co/zpepyCn9nM https://t.co/F6xBDhTHMm
The Competition Commission of India (@CCI_India) approves the acquisition of equity shares of PSP Projects Limited by Adani Infra (India) Limited Read more: https://t.co/1dlASn82Ye https://t.co/YlhQ9Cnrc8
The Competition Commission of India (@CCI_India) approves the proposed acquisition of up to 72.8% shareholding of Orient Cement Limited by Ambuja Cements Limited Read more: https://t.co/rCtj5YflIH https://t.co/pmxQqhDKfs
