We are delighted to have advised Huntsman Corporation in obtaining merger control approval from the Competition Commission Of India in relation to the proposed acquisition of its textile effects business by Archroma Operations S.à.r.l. The Touchstone Partners team advising on the merger control aspects of the transaction included Vinod Dhall, Senior Adviser, Gaurav Desai, Partner, Shruti Bhat, Senior Associate and Apurva Badoni, Associate.

This is the first transaction to have been approved by the Commission after a hiatus of over three months owing to the absence of a quorum; this issue has now been resolved through the joint efforts of the Commission and the Ministry of Corporate Affairs making it possible for the Commission to decide pending merger cases while still having only two members.

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