The Indian Competition Authority clears a merger between silk and polyester manufacturers (Garden Silk Mills / MCPI Polyester)

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Indian Competition Authority, Garden Silk Mills / MCPI Polyester, 18 September 2020

MCPI Pvt. Ltd. (“MCPI”) is part of The Chatterjee Group (“CG”) and is engaged in the business of manufacturing and supply of Purified Terephthalic Acid (“PTA”). MCPI has a wholly owned subsidiary, MCPI Polyester Pvt. Ltd. (“MCPI Polyester”), a newly incorporated entity which currently does not have any business operations within or

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