Mergers & Acquisitions Mergers & Acquisitions

Aditya Birla's conditional win in Umang deal points to Indian regulator's common-ownership concerns

By Freny Patel
  • 07 Sep 2022 09:14
  • 07 Sep 2022 09:14
Aditya Birla Group's investment arm, Umang Commercial Company, agreed to relinquish shareholder rights in several BK Birla Group companies to gain merger clearance from the Indian antitrust watchdog to acquire Aditya Marketing and Manufacturing, MLex has learned.

The controversial merger of the two investment-holding companies was cleared based on commitments that restricted Umang

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