OfBusiness seeks CCI approval to acquire SMW Ispat

OfBusiness has applied to the Competition Commission of India for approval to acquire a majority stake in SMW Ispat, a TMT steel manufacturer. The deal is for 100% of SMW Ispat, primarily to acquire its brand Sangam TMT.

“The present notification is being made by the acquirer (OfBusiness) to seek the approval of the honourable commission to purchase a majority equity stake of the target (SMW Ispat) from the promoters and existing shareholders of SMW Ispat.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comsmw ispat deal: OfBusiness seeks CCI nod to acquire steel maker SMW Ispat - The Economic TimesETMar 25, 2022

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