<h1>Merger and demerger approval: combination cleared for consolidation into JKMPTL and carve-out of aerospace business.</h1> The Competition Commission of India approved a combination envisaging the merger of Ring Plus Aqua Limited and Maini Precision Products Limited into JK Maini Precision Technologies Limited (JKMPTL) and the demerger of JKMPTL's aerospace business into JK Maini Global Aerospace Limited (JKMGAL); the parties had earlier received clearance for a prior structure but changed the transaction structure after that approval, and a detailed order will follow.