In a filing to the BSE, Novartis India said that Elanco India has informed the company that the Competition Commission of India (CCI) approved its proposal to acquire Novartis India's animal health division.
"In light of the approval received from the FIPB, Government of India and the CCI, the company will now proceed to complete the transfer of the company's animal health division to Elanco India," Novartis India said.
Swiss drug major Novartis had closed the transfer of the animal health business to US-based Eli Lilly globally in January this year, although it has so far not materialised in India.
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