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The Competition Commission of India (CCI) on Tuesday cleared proposals involving stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members...
The CCI said Puran Associates, MB Finmart, VIC Enterprises and Milky Investment & Trading Company, which jointly hold 21.25% of REL, have proposed to acquire a majority shareholding of up to 53.94% (assuming full acceptance in the open offer process by the public shareholders), and collectively exercise joint control over REL...
The acquisition involves open market purchases of 5.27% of the issued and outstanding share capital of Religare Enterprises and an open offer for up to 26% of the total expanded voting share capital of REL, the CCI said...
The competition watchdog has also approved Tata Electronics' proposal to acquire 100% of Wistron Infocomm Manufacturing (India) stake from SMS Infocomm (Singapore) and Wistron Hong Kong...
The commission approved JSW Ventures Singapore Pte's acquisition of up to about 46% stake in MG Motor India along with certain special rights, the regulator said.. "There are no horizontal overlaps between the parties (JSW and MG Motor India)..
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Burmans get CCI approval to buy stake in Religare
24, Jan, 24The Competition Commission of India approves the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, along with a subsequent open offer for an additional 26% stake.
CCI greenlights shareholding acquisition in Religare Enterprises Limited
25, Jan, 24New Delhi [India], January 24 (ANI): The Competition Commission of India (CCI) has granted approval for the acquisition of shareholding in Religare Enterprises Limited by Puran Associates Private Limited, MB Finmart Private Limited, VIC Enterprises Private Limited, and Milky Investment and Trading Company. According to CCI, this significant development is poised to bring strategic changes […]