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We are delighted to have advised Reliance Industries Limited in obtaining merger control approval from the Competition Commission Of India in relation to the proposed acquisition by its indirect wholly owned subsidiary, Reliance Polyester Limited, of the polyester business undertakings of Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited as a going concern on a slump sale basis. The merger filing was in the long form i.e. Form II, and the Commission’s approval was speedily accorded. Senior Adviser, Vinod Dhall advised on the matter; Partner, Gaurav Desai, Senior Associate, Shruti Bhat and Associates Apurva Badoni and Juhi Hirani worked on the same.

Click here to read more – The Competition Commission of India – Press Release