The Competition Commission of India has approved the proposed merger between Netizen Rajasthan and Reliance Infratel. Netizen is a wholly-owned subsidiary of Reliance Infratel, which provides passive telecom infrastructure devices. Netizen holds movie rights as investment business activity. The merger was found to promote restructuring purposes and efficiency, and as such, does not pose significant anticompetitive concern.
Source: The Hindu Business Line
Related content: India’s New Merger Control Regime: An Economist’s Perspective (Rameet Sangha, Charles River Associates)
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