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​India Competition Commission approves divestment in Sun Pharma, Ranbaxy deal

( March 24, 2015, 02:43 GMT | Official Statement) -- MLex Summary: The Competition Commission of India, after conducting an assessment, approved the divestment of products under seven brands of Sun Pharmaceutical Industries and Ranbaxy Laboratories to Emcure Pharmaceuticals in connection with the proposed merger of Sun Pharma and Ranbaxy. The CCI said Emcure is a suitable purchaser of the divested products and the acquisition won’t cause any appreciable adverse effect on competition in the relevant market. The merger was conditionally approved by the CCI last December.The full statement is attached....

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