India: The Competition Commission of India (CCI) approved the acquisition of a 12.55% stake in JSW Cement Ltd by Singapore-based AP Asia Opportunistic Holdings Pte Ltd under the green channel route on 19 August 2021. Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination by the parties concerned.
The CCI stated that there were no overlaps between the parties to the proposed transaction and therefore it does not raise any risk of an appreciable adverse effect on competition in India, according to a notice filed with the regulator.
