The Competition Commission today said it has approved the GE Pacific buying 49 per cent stake in Alstom Bharat Forge Power and four other deals. The acquisition of certain retail businesses of Heritage Foods Ltd by Kishore Biyani group firm Future Retail Ltd has also received the green signal from the regulator. The joint venture, which has its manufacturing facility in Gujarat, was formed in 2009. GE Pacific would buy 49 per cent stake in the joint venture from Bharat Forge. In another tweet, the regulator said it has approved "acquisition of certain retail businesses of Heritage Foods Ltd by Future Retail Ltd".

Source: dna February 22, 2017 13:52 UTC