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<h1>Composite scheme approval enables multiple amalgamations and demergers restructuring Shriram group entities under competition clearance.</h1> Approval under the Competition Act was granted for a composite scheme involving amalgamations and demergers among Shriram group companies, reallocating undertakings and investments: amalgamation of a consultancy into a capital company; demerger of the capital company's financial services undertaking into an investment holding company; demerger of its life and general insurance undertakings into separate insurance holding companies; and amalgamations consolidating the capital company and two finance companies.