CCI approves the proposed acquisition of up to 72.64% shareholding in ITD Cementation India Limited by Renew Exim DMCC https://www.taxtmi.com/news?id=31753 The Competition Commission of India approved a proposed acquisition by Renew Exim DMCC of approximately 46.64% of ITD Cementation India Limited together with an open offer for about 26% of voting capital under the SEBI Substantial Acquisition and Takeovers framework, which would result in up to 72.64% shareholding post-transaction; Renew Exim DMCC is a Dubai-based holding company with no Indian operations and the target operates in heavy civil and EPC sectors. en-us Tue, 28 Jan 2025 18:49:31 +0530 Tue, 28 Jan 2025 18:49:31 +0530 TaxTMI RSS Generator CCI approves the proposed acquisition of up to 72.64% shareholding in ITD Cementation India Limited by Renew Exim DMCC https://www.taxtmi.com/news?id=31753 The Competition Commission of India approved a proposed acquisition by Renew Exim DMCC of approximately 46.64% of ITD Cementation India Limited together with an open offer for about 26% of voting capital under the SEBI Substantial Acquisition and Takeovers framework, which would result in up to 72.64% shareholding post-transaction; Renew Exim DMCC is a Dubai-based holding company with no Indian operations and the target operates in heavy civil and EPC sectors. News - Tue, 28 Jan 2025 18:49:31 +0530 https://www.taxtmi.com/news?id=31753