Adani-backed Ambuja Cements gains CCI nod for Orient Cement buyout; PSP Projects deal also approved

The Competition Commission of India (CCI) on Tuesday cleared Adani-backed Ambuja Cements’ proposal to acquire a majority stake in Orient Cement Ltd for ₹8,100 crore. The fair-trade regulator CCI also granted clearance to Adani Infra to acquire a stake in PSP Projects Ltd. Adani Infra is a unit of Adani group’s flagship firm Adani Enterprises.

from Business News in CNBCTV18, Business Latest News, Business News https://ift.tt/Sv8EIf4

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