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CCI clears Vishal Mega Marts acquisition deal

The Competition Commission has approved the proposed acquisition of Vishal Mega Mart by private equity firms, including Kedaara Capital Fund.


PTI 12 Jul 2018, 11:02 PM India
CCI clears Vishal Mega Marts acquisition deal
  • The deal to acquire the retail value chain was announced in May. (Image Credit: Pixabay)

The Competition Commission has approved the proposed acquisition of Vishal Mega Mart by private equity firms, including Kedaara Capital Fund.

The deal to acquire the retail value chain was announced in May.

In a tweet today, the fair trade regulator said it has approved "acquisition of Vishal Mega Mart and Airplaza Retail Holdings by Rishanth Wholesale Trading, Kedaara Capital Fund and Partners Group".

The Competition Commission of India (CCI), in another tweet, said it has cleared the proposed combination involving merger of Indus Tower with, and into, Bharti Infratel.

In April, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for merger of Indus Towers and Bharti Infratel.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)