Piramal Enterprises and PHL Holdings have received Competition Commission of India’s (CCI) approval for proposed amalgamation as the deal would not impact competition.
The proposed combination is an arrangement between enterprises belonging to the same field and that the control over the activities carried on by Piramal Enterprises before and after the proposed combination would remain unchanged
Piramal Enterprises is into pharmaceuticals, financial services and information management sectors while, PHL Holdings is an unlisted investment holding company and 100% of the stake is held by Piramal Management Services.
