Thyssenkrupp Electrical Steel India’s acquisition by JSW Steel’s joint venture arm is cleared by CCI.

The Competition Commission of India (CCI) approved four deals in a row, including JSW Steel’s subsidiary buying Thyssenkrupp Electrical Steel India for ₹4,051 crore and Abu Dhabi National Oil Company acquiring the entire stake of chemical company Covestro AG. Further, Blackstone’s associate acquired stakes in Bagmane Developers and Bagmane Rio, and purchased a chemical facility. There were also clearance for joint ventures of foreign companies participating in various deals across different jurisdictions. These acquisition deals valued at multiple million dollars include JSW and JEF Steel acquisition.