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Reliance’s plan to merge with five subsidiaries approved by CCI

By  |  March 28, 2012

The Competition Commission of India has cleared Reliance Infrastructure’s plan to merge with five wholly-owned subsidiaries (Reliance Energy, Reliance Energy Generation, Reliance Goa and Samalkot Power, Reliance Infraventures Ltd, and Reliance Property Developers). The CCI found that the turnover of the five subsidiaries was nearly or completely negligible, and no business activities were being conducted by them. The plan also calls for de-merging Reliance’s container business.

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    Full content: Economic Times

     

    Related content: The New Indian Merger Control: Key Procedural Issues (Simon Baxter & Nikolaos Peristerakis, Skadden)