{"id":10576,"date":"2024-07-18T23:26:43","date_gmt":"2024-07-18T17:56:43","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=10576"},"modified":"2024-07-18T23:26:43","modified_gmt":"2024-07-18T17:56:43","slug":"cci-approves-indirect-controlling-acquisition-of-arjas-steel-private-limited-and-arjas-modern-steel-private-limited","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/07\/18\/cci-approves-indirect-controlling-acquisition-of-arjas-steel-private-limited-and-arjas-modern-steel-private-limited\/","title":{"rendered":"CCI approves indirect controlling acquisition of Arjas Steel Private Limited and Arjas Modern Steel Private Limited"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) has approved\u00a0the indirect controlling acquisition of Arjas Steel Private Limited and Arjas Modern Steel Private Limited by The Sandur Manganese &amp; Iron Ores Limited and BAG Holdings Private Limited.<\/p>\n<p style=\"text-align: justify;\">The Proposed Combination relates to the acquisition of control of Arjas Steel Private Limited (<strong>ASPL<\/strong>) and, an indirect control of its wholly owned subsidiary,\u00a0<em>namely<\/em>\u00a0Arjas Modern Steel Private Limited (<strong>AMSPL<\/strong>) [ASPL and AMSPL are collectively referred to as the\u00a0<strong>Target<\/strong>] by The Sandur Manganese &amp; Iron Ores Limited (<strong>SMIORE<\/strong>) and BAG Holdings Private Limited (<strong>BHPL<\/strong>) [SMIORE and BHPL, are collectively referred to as the\u00a0<strong>Acquirers<\/strong>].<\/p>\n<p style=\"text-align: justify;\">SMIORE, a listed company, is primarily engaged in: (a) mining of iron ore and manganese ore; (b) production and sale of ferroalloys; and (c) production and sale of coke, in India.<\/p>\n<p style=\"text-align: justify;\">BHPL, an affiliate of SMIORE, is a recently incorporated company that does not undertake any revenue generating activities in India or worldwide.<\/p>\n<p style=\"text-align: justify;\">The Target is engaged in the manufacturing and sale of steel products, heavy ingots, and certain other intermediate products, like, billets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved\u00a0the indirect controlling acquisition of Arjas Steel Private Limited and Arjas Modern Steel Private Limited by The Sandur Manganese &amp; Iron Ores Limited and BAG Holdings Private Limited. The Proposed Combination relates to the acquisition of control of Arjas Steel Private Limited (ASPL) and, an indirect control of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52886],"tags":[],"class_list":["post-10576","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-english-news"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/10576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=10576"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/10576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=10576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=10576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=10576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}