CCI Approves PNC Infratech Acquisition of Jaiprakash Associates
The Competition Commission of India (CCI) has approved the proposed acquisition of Jaiprakash Associates Limited (JAL) by PNC Infratech Limited (PNC Infratech).The Proposed Combination involves PNC Infratech acquiring a minimum of 95 per cent and up to 100 per cent of JAL, either directly or through a special purpose vehicle wholly owned by the Acquirer. JAL is currently under the corporate insolvency resolution process governed by the Insolvency and Bankruptcy Code, 2016.PNC Infratech is a publicly listed infrastructure company in India, primarily executing Engineering, Procurement, and Const..
CCI Approves JSW Paints’ Stake Acquisition in Akzo Nobel India
The Competition Commission of India (CCI) has approved the acquisition of up to 75 per cent shareholding in Akzo Nobel India Limited (the Target) by JSW Paints Limited (the Acquirer).The proposed transaction involves the acquisition through a share purchase agreement and a mandatory open offer, collectively referred to as the Proposed Combination.JSW Paints is a public unlisted company engaged in the manufacture and sale of decorative paints and industrial coatings in India. It is part of the JSW Group, which operates across sectors including steel, energy, infrastructure, cement, paints, real..
CCI Approves Triumph Composites’ Acquisition of Owens-Corning India
The Competition Commission of India (CCI) has approved the proposed acquisition of the entire shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. (OC India Sellers) in Owens-Corning (India) Pvt. Ltd. by Triumph Composites Pvt. Ltd. and Quartz Fibre Private Limited.Triumph Non-Ionics Private Limited (now Triumph Composites Private Limited) along with 3B Lux S.À R.L, Owens Corning, Artek US Holding Corp., and Ayana Chemicals Singapore Pte. Limited entered into a Master Share Purchase Agreement (MSPA) on 13 February 2025. Under the agreement, the parties agreed to the sale of Owens Cornin..
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