India, Jan. 28 -- The Government of India issued the following news release:
The Competition Commission of India has approved the proposed acquisition of up to 72.64%shareholding in ITD Cementation India Limited by Renew Exim DMCC.
The proposed combination involves the following:
Acquisition by Renew Exim DMCC (Acquirer) of approximately 46.64% equivalent to 8,01,13,180 shares of the total issued and voting equity share capital of the ITD Cementation India Limited (Target).
Pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended) (Takeover Regulations), the Acquirer has launched an open offer for further acquisition of up to 4,46,64,772 fully paid-up equity shares having a face value of INR ...