In an interview with CNBC-TV18's Menaka Doshi, CCI chairman Ashok Chawla promised faster clearance of M&A deals and offered a glimpse into the pending revisions in merger control regulations
According to Jaspreet Singh of Systematix Shares acquisition of these cement units would increase the company‘s capacity 50 percent from the current 10 mtpa.
The company either directly or through its wholly owned subsidiary, shall acquire both cement businesses for an enterprise values of Rs 5000 crore.