Diabytes
No anti-competition concern in Rajputana-Binani Cement deal: CCI
On February 12, Rajputana Properties had filed a resolution plan for Binani Cement under the Insolvency and Bankruptcy Code (IBC).
Trending Photos
6- 5
- 8
- 8
 "No anti-competition concern in Rajputana-Binani Cement deal: CCI")
Image Courtesy: Pixabay New Delhi: Fair trade regulator CCI has said it has not found any anti-competition concerns with respect to Rajputana Properties' proposed purchase of Binani Cement, which is under insolvency proceedings.
On February 12, Rajputana Properties had filed a resolution plan for Binani Cement under the Insolvency and Bankruptcy Code (IBC).
The company has proposed to acquire 80 percent stake in Binani Cement.
"In its first IBC, 2016 filing, @CCI_India finds no AAEC (Appreciable Adverse Effect on Competition) in respect of Rajputana Properties' proposed acquisition of Binani Cement," the regulator said in a tweet.
The Competition Commission of India (CCI) also said that it completed the assessment in 13 working days.
Live Tv
 "DNA: Who is saving Baba Narayan Sakar Hari?")
 "DNA: Who is 'Bhole Baba'?")
 "DNA: Hathras's killer Baba's 'mysterious world' exposed")
 "DNA: CM Yogi Action on Hathras Stampede")
 "DNA: Bengal woman seeks action against those who filmed beating")
 "DNA: Reality check of Rahul Gandhi's Ayodhya 'Claim'!")
 "DNA: Complete analysis of Rahul's 'Hindu' speech")
 "DNA: Hindu Temple Vandalised In Jammu Kashmir's Reasi")
 "DNA: What's in the new law?")
 "DNA: 'Boom' in Indian wedding Industry!")
