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of <h1>CCI Approves CA Carob's Acquisition of 68.9% Stake in Roop Automotives, Involving Securities Swap with Highway Industries.</h1> The Competition Commission of India has approved a proposed combination involving the acquisition of up to 68.9% shareholding in Roop Automotives Limited (RAL) by CA Carob Investments, an investment holding company from Mauritius. This transaction includes interconnected steps such as a securities swap between Highway Industries Limited (HIL) Shareholder and RAL. The investor, associated with the Carlyle Group, does not currently have any activities. Carlyle is a global asset manager investing across various disciplines. RAL and HIL are both Indian companies involved in manufacturing and selling auto-components. A detailed order from the Commission will follow.
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