Cci Approval News Today

Sharekhan Ltd is engaged in the business of stock broking, commodities/currency derivatives broking.

The Burman family has consolidated their position in Religare Enterprises Limited (REL) by increasing their stake by around 4% through open market purchases. Their cumulative stake now stands at 25.1%. The stake hike was done at an average price below Rs 235/share, which is the open offer price.

JSW Ventures Singapore Pte Ltd has secured the CCI's approval for the acquisition of up to approximately 38% of the share capital of MG Motor India Private Ltd.

The release issued by the CCI regarding the stake purchase clearly stipulates that the "approval is without prejudice to the proceedings that may be initiated under Section 43A, 44 and/or 45 of the Competition Act, 2002", a Religare Enterprises spokesperson said. The spokesperson said it was in connection with the combination notice issued by the acquirers forming part of the Burman Group in relation to the open offer to the shareholders of Religare Enterprises.

Mortgage lender clarified that July 1 is simply a tentative date for completion of its merger with HDFC Bank. The record date of July 13 is also tentative and subject to completion of certain formalities, it said

Tata Group and Singapore Airlines have assured in their application to the Competition Commission of India (CCI) that there will be no change in the competitive landscape.

Amazon has asked CCI to recall its approval given to the Future-Reliance deal in light of orders passed by courts and tribunals on the same.