<h1>Competition authority clears acquisition of diversified infrastructure conglomerate in insolvency by purchaser group led by flagship commercial company &A</h1> The competition authority approved the acquisition of up to 100% of a diversified infrastructure conglomerate, which is undergoing corporate insolvency resolution, by a purchaser group comprising a flagship commercial enterprise and its wholly owned realty holding subsidiary, or other entities within the purchaser's group. The purchaser operates across energy, resources, logistics, materials and agriculture; the target has businesses in engineering and construction, cement, power, real estate, fertilizer, hospitality and sports. A detailed order from the authority will follow.