CCI approves Synergy Metals' stake-buy in JSW Cement under green channel route

The Competition Commission of India (CCI) has approved the stake acquisition in JSW Cement by Synergy Metals Investments Holding, under the green channel route.Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination by the parties concerned.

"The Acquirer proposes to acquire a minority equity stake in the Target," as per a combination notice filed with the regulator.

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