Air-conditioner maker Blue Star said the company has received approval from fair trade regulator CCI for merger of Blue Star Infotech and Blue Star Infotech Business Intelligence & Analytics with the company itself. Earlier this month the company had received NOC from stock exchanges for the composite Scheme of amalgamation. "the application filed jointly... with the Competition Commission of India for the Scheme of Amalgamation of Blue Star Infotech Ltd and Blue Star Infotech Business Intelligence & Analytics Pvt Ltd with the Company, the Commission in its Meeting held on December 16, 2015 considered the proposed combination and approved the same," Blue Star today said in a regulatory filing. The company had reported a standalone loss of Rs 5.79 crore for the second quarter ended September 30.
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