Grasim’s Birla Opus Paints takes Asian Paints to CCI over alleged abuse of market dominance

Grasim’s Birla Opus Paints takes Asian Paints to CCI over alleged abuse of market dominance

In a significant development in the Indian paints industry, Grasim Industries’ paints division — Birla Opus Paints — has lodged a formal complaint with the Competition Commission of India (CCI) against Asian Paints, India’s largest paint manufacturer. The complaint alleges that Asian Paints has been engaging in anti-competitive practices and misusing its dominant market position…

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CCI approves Currant Sea Investments’ acquisition of stake in IDFC First Bank

CCI approves Currant Sea Investments’ acquisition of stake in IDFC First Bank

The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of up to 9.99 per cent of the paid-up share capital of IDFC First Bank by Current Sea Investments BV. The transaction involves Currant Sea Investments B.V. subscribing to 81,26,94,722 compulsorily convertible cumulative preference shares (CCPS) of IDFC First Bank. This will result…

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