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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.fertiliser division of Grasim Industries Limited (GIL/Seller), as a going concern on a slump sale basis. IIPL is principally engaged in manufacture, trading and sale of fertilisers, primarily, phosphati
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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.
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