<h1>CCI Approves SABIC's 6.51% Stake Increase in Clariant AG under Competition Act Section 31(1.</h1> The Competition Commission of India (CCI) approved SABIC International Holdings B.V.'s incremental acquisition of a 6.51% shareholding in Clariant AG under Section 31(1) of the Competition Act, 2002. SABIC BV, a wholly-owned affiliate of Saudi Basic Industries Corporation, operates globally in petrochemicals, agri-nutrients, metals, and specialty materials. Clariant AG, a Swiss company, produces and distributes specialty chemicals for sectors like personal care and industrial applications. The CCI's approval is without prejudice to potential proceedings under Section 43A of the Act, with a detailed order to be issued later.