<h1>Competition Commission approves Saudi investor's indirect acquisition of 44.58%-up to 64.57% stake in agribusiness with Indian trading presence</h1> The Competition Commission of India approved an acquirer's proposed indirect acquisition of 44.58% and up to 64.57% of the issued share capital of a target agribusiness. The acquirer is a Saudi joint-stock investment company active in farming, procurement and importing food commodities and has an Indian presence via an investment in an Indian trading company. The target is a Singapore-headquartered merchant and processor operating across the agricultural value chain, selling various agri-commodities in India at wholesale level and retail for basmati rice. A detailed order of the Commission will follow.