The Competition Commission has given its nod to Dodla Dairy's deal with TPG Dodla Dairy Holdings Pte Ltd.
Dodla Dairy, an unlisted public limited company, is involved in the manufacture and processing of dairy products and has presence across Indian states like Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, Gujarat, Maharashtra, Madhya Pradesh, West Bengal and Rajasthan.
TPG Dodla Dairy Holdings is a special purpose vehicle and is not engaged in any activity at present.
In a tweet, the Competition Commission of India (CCI) said that it has approved "acquisition of Dodla Dairy Ltd by TPG Dodla Dairy Holdings Pte Ltd".
Deals beyond a certain threshold require approval from the CCI.
As per the notice submitted to the regulator, the "proposed combination is an acquisition of 27 per cent of the equity shares" of Dodla Dairy by TPG Dodla Dairy Holdings Pte.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.