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The Competition Commission of India on Thursday cleared the Tata Group’s acquisition of BigBasket. Publishing its approval in a tweet, the CCI did not suggest any changes to the acquisition which is reported to be worth Rs 9,500 crore.
The CCI has approved Tata Digital Ltd’s acquisition of up to 64.3% of the total share capital of Supermarket Grocery Supplies Pvt. Ltd. which is engaged in online business-to-business transactions through business.bigbasket.com. The entity also operates bigbasket.com and related mobile applications. In a subsequent and separate transaction, SGS may acquire sole control over Innovative Retail Concepts Private Limited (IRC), which is into online retailing.
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By siliconindia | Tuesday, 02 March 2021, 04:21 Hrs Siemens on Monday announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year. As per the agreement, Siemens acquired around 99.22 per cent of the equity share capital of C&S Electric Limited from its promoters for Rs 2,100 crore. The acquisition comprises the Indian operations of C&S Electric s low-voltage switchgear components and panels, low and medium-voltage power bush bars as well as protection and metering devices businesses. The acquisition addresses rising demand for low-voltage power distribution in India, the company said in a statement.
Siemens on Monday announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year.As per the .