In Short : The Competition Commission of India (CCI) has approved Vedanta Limited’s ₹17,000 crore acquisition of Jaiprakash Associates Limited (JAL) under the Insolvency and Bankruptcy Code. Vedanta, the highest bidder, will pay ₹3,800 crore upfront with the remainder in installments over five years. The acquisition expands Vedanta into cement and infrastructure, enabling operational synergies […]
CCI approves Acquisition of Stake in Apraava Energy Private Limited by CDPQ Infrastructures Asia II Pte. Ltd. – EQ Mag Pro
The Competition Commission of India (CCI) approves acquisition of stake in Apraava Energy Private Limited (Target) by CDPQ Infrastructures Asia II Pte. Ltd. (Acquirer) under Section 31(1) of the Competition Act, 2002. The Proposed Combination pertains to the acquiring an additional 10% shareholding in the Target from CPL GPEC (Mauritius) Holding Limited. The Acquirer presently […]