The Competition Commission has cleared without prejudice the additional stake purchase by the Burman family entities in Religare, and if it is found later that any material information was omitted, then the regulator has the power to revoke the approval order, according to a legal expert.
The approval came against the backdrop of the intense feud between Religare Enterprises and the Burman family over taking control of the company.
On Tuesday, the Competition Commission of India (CCI)…
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Source: https://b2bchief.com/religare-cci-nod-for-religare-stake-buy-deal-without-prejudice-legal-expert/