Tag: Competition Commission of India (CCI)

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  CCI Clears Rhone Capital’s Acquisition of 29.9% Stake in RHI Magnesita NV: Shares Soar 6%

  Rhone Capital's proposed acquisition of a 29.9 percent stake in RHI Magnesita NV has received the green light from the Competition Commission of India (CCI). This approval sparked a remarkable 6 percent surge in shares of RHI Magnesita India Ltd, showcasing investor confidence in the deal. Ignite Luxembourg Holdings, an entity under Rhone Capital, will strategically acquire the stake, aiming to bolster its presence in the refractory industry while CCI ensures fair competition.