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of <h1>CCI Approves OFB Tech's Acquisition of Majority Stake in SMW Ispat, Enhancing Steel Manufacturing Capabilities.</h1> The Competition Commission of India has approved the acquisition of a majority stake in SMW Ispat Private Limited by OFB Tech Private Limited. OFB Tech operates in wholesale trading of bulk raw materials, including steel and industrial chemicals, facilitating business transactions through various channels. SMW Ispat is involved in manufacturing TMT steel bars and steel billets. The detailed order from the CCI regarding this acquisition is forthcoming.
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