The Competition Commission of India (CCI) approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity operating in business development, real estate management and related activities. The concerned parties had approached CCI on August 24 to seek the fair trade regulator’s approval for the deal, after execution of their investment agreement dated August 14.
Full Content: Economic Times
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