 "CCI, competition law, buyer cartels")
Fair trade regulator Competition Commission of India (CCI) on Thursday said it approved the proposed acquisition of C&S Electric by Siemens.
As per a statement issued by Siemens in January, it had inked an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore.
Giving nod to the deal, the Competition Commission of India (CCI) said in a tweet that it "approves proposed acquisition of C&S Electric by Siemens."
