CCI clears five major deals across food, energy, fintech and telecom sectors
The Competition Commission of India has cleared five deals across food services, renewable energy, power, finance and telecoms. In food services, it approved Sapphire Foods India's merger into Devyani International, creating a restaurant business with over 3,000 stores and annual turnover of about Rs 8,000 crore. It also cleared Aditya Birla Renewables' purchase of Solenergi Power from Shell.
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Also reported by Dealroom, NDTV Profit, The Economic Times, Financial Express, Zee Business
- Deal Sapphire Foods India CCI approves merger of Sapphire Foods India with and into Devyani International, bringing KFC and Pizza Hut operations under one combined entity.