The CCI has approved the proposed amalgamation of IVRCL Assets and Holdings with parent company IVRCL, as well as the spin-off of IVRCL A&H’s real estate business into a new company. The two companies have received in-principle consent from their respective boards of directors for the proposed amalgamation.
Source: Business Standard
Related content: India’s New Antitrust Regime (Aditya Bhattacharjea, University of Delhi)
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