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Omaxe gets CCI approval for proposed merger of promoter group firms

09 May 2013 Evaluate

Omaxe has received an approval from fair trade regulator Competition Commission of India (CCI) for merger of some of its promoter companies. The amalgamation of six of Omaxe’s promoter companies with another promoter company Guild Builders had been filed with High Court of Punjab and Haryana. These six promoter companies are - Constellation Capital, SA Finvest, Kautilya Monetary Services, Naj Builders, Green Tech Tower Builders and JB Realcon.

In order to consolidate and simplify the group structure and bring greater efficiency in resource management, the said amalgamation was proposed. The promoter companies had also approached CCI for the approval of the proposed amalgamation.

CCI stated that the proposed combination is not likely to give rise to any adverse competition concerns in India as the control over the business after the proposed amalgamation rests with same promoters.

Omaxe Share Price

89.33 1.91 (2.18%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 965.60
Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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