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​First acquisition notified, deemed approved under India's new 'green channel'

( October 7, 2019, 23:46 GMT | Official Statement) -- MLex Summary: The acquisition of Essel Mutual Fund by a company within the Sachin Bansal Group was the first to be deemed approved under a new fast-track procedure for merger notifications, the Competition Commission of India said. The green-channel was introduced in August and applies to merging companies that have no similar or substitutable products or services or any complementary activities, and are not operating at different levels of the production chain. The CCI said the notification was filed Oct. 3The CCI's statement follows:...

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