Quick Summary
The Competition Commission of India (CCI) approves acquisition of Indo Gulf Fertilisers by Indorama India Private Limited (IIPL) under Section 31(1) of the Competition Act, 2002, today. The proposed combination relates to the acquisition by IIPL of Indo Gulf Fertilizers (Target Business)viz.ferti
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CCI has approved the acquisition of Indo Gulf Fertilisers by Indorama India Private Limited (IIPL).
Indorama India Private Limited (IIPL) is acquiring Indo Gulf Fertilisers.
The fertiliser division of Grasim Industries Limited, referred to as the 'Target Business', is being acquired.
The acquisition is being carried out on a slump sale basis as a going concern.
IIPL is primarily engaged in the manufacture, trading, and sale of fertilisers, with a focus on phosphatic fertilisers and speciality plant nutrients.
Grasim Industries Limited is involved in producing viscose staple fibre, chloralkali, fertiliser (through the Target Business), textiles, and insulators. It also produces cement and provides financial services through subsidiaries.
CAclubindia
