India, Sept. 16 -- The Competition Commission of India has approved the proposed acquisition of the entire shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. (OC India Sellers) in Owens-Corning (India) Pvt. Ltd. (Target) by Triumph Composites Pvt. Ltd. and Quartz Fibre Private Limited.Triumph Non-Ionics Private Limited (now, Triumph Composites Private Limited)/Acquirer 1, 3B Lux S.A R.L, Owens Corning, Artek US Holding Corp. and Ayana Chemicals Singapore Pte. Limited have entered into a Master Share Purchase Agreement (MSPA) dated February 13, 2025, pursuant to which the parties to the MSPA have agreed to the sale of Owens Corning's glass fibre reinforcement business, globally. Quartz Fiber Private Limited is Acquirer 2 (collectivel...