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        <h1>Competition regulator approves 49.99% acquisition of Target in iron ore pellets, DRI and captive power supply chain</h1> The Competition Commission of India approved an acquisition in which the Acquirer will acquire 49.99% of the equity share capital of the Target. The Acquirer operates in iron ore mining, direct reduced iron production, captive power generation and pellet trading, supplying iron ore fines and pellets globally. The Target is engaged in the sale of iron ore pellets in India and has a wholly owned subsidiary that produces and sells iron ore pellets domestically. A detailed order from the Commission will follow.

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