Cci Nod News
Competition Commission gives nod to Tata Steel's proposed acquisition of debt-ridden Bhushan Power & Steel
Bhushan Power and Steel owes about Rs 45,000 crore to its lenders and it was among the 12 non-performing accounts referred by the Reserve Bank of India for insolvency proceedings in June last year.
The corporate affairs ministry's decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and stake purchases among state-owned oil and gas companies
Idea Cellular's stock price surged 6.48 percent to close at Rs 97.80 on BSE.