CCI Approves Merger of MCFL with PPL & Acquisition of MCFL Shares by ZMPPL.
Economy Business
The Competition Commission of India (CCI) has approved the merger of Madras Cements Limited (MCFL) with Priya Cement Limited (PPL). This strategic move aims to consolidate market presence and enhance operational efficiency. Additionally, the CCI has sanctioned the acquisition of shares in MCFL by ZMPPL. This acquisition is expected to bring substantial investment and support the growth trajectory of MCFL. The decisions mark a significant step in the sector, aligning with broader industry trends of consolidation and investment to boost competitiveness and sustainability.
The merger is expected to create a stronger market player with expanded resources and capabilities.
The acquisition by ZMPPL is likely to enhance MCFL's financial stability and growth prospects.
Chairperson: Ravneet Kaur
secretary : Inder Pal Singh Bindra
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