India, July 7 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the merger of 51 Malabar Group's companies with and into Malabar Gold and Diamonds Limited.
The Proposed Combination envisages the merger of 51 Malabar Group's companies (Transferor Companies) with Malabar Gold and Diamonds Limited (Transferee Company).
Most of the Transferor Companies engaged in jewellery business.
Transferee Company is the flagship company of the Malabar Group, engaged in business of manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising and otherwise dealing in all kinds of gold, gold ornaments, diamonds, bullions, silver, platinum, precious ...