The Indian Competition Authority approves acquisition of 100% stake in steel and power business by a competing steel business after finding no major concerns during economic analysis (Bhushan Power and Steel / Tata Steel)

CCI approves Tata Steel’s acquisition of Bhushan Power and Steel limited* The CCI by way of order dated August 6, 2018 approved the acquisition of up to 100% of the issued and paid up share capital of Bhushan Power and Steel Limited (‘Target’) by Tata Steel Limited. The Target is currently undergoing insolvency

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Man Mohan Sharma, The Indian Competition Authority approves acquisition of 100% stake in steel and power business by a competing steel business after finding no major concerns during economic analysis (Bhushan Power and Steel / Tata Steel), 6 August 2018, e-Competitions Bulletin August 2018, Art. N° 89583

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