New Delhi, April 23 -- The Competition Commission of India (CCI) has approved Bharat Forge Ltd's proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd, following certain voluntary modifications offered by the companies involved.

In a statement released on Tuesday, the CCI announced that the transaction has been cleared "subject to compliance of voluntarily modifications offered by the parties."

While the specifics of the modifications were not disclosed, the move comes after the regulator previously flagged potential concerns about the deal's impact on market competition.

Last month, the CCI had invited public comments on the proposed transaction after forming a prima facie opinion that the deal could negatively affect co...