CCI approves Tirumala Milk Products' acquisition of Sunfresh Agro Industries, Prabhat's dairy biz

The Competition Commission of India (CCI) Tuesday said it has given nod to Tirumala Milk Products to acquire Prabhat Dairy's subsidiary Sunfresh Agro Industries as well as the company's dairy business.

In a tweet, the fair trade regulator said CCI "approves acquisition by Tirumala Milk Products Pvt. Ltd of (a) Prabhat Dairy Limited's subsidiary Sunfresh Agro Industries Private Limited; and (b) dairy business of Prabhat Dairy."
In a separate tweet, the CCI also said it "approves acquisition by Varun Beverages of 9 manufacturing plants and franchise rights for 7 states and 5 unions territories as a going concern on a slump-sale basis from PepsiCo."