CCI approves Adani’s Renew Exim DMCC’s acquisition of 72.64% stake in ITD Cementation India
CCI approves Adani’s Renew Exim DMCC’s acquisition of 72.64% stake in ITD Cementation India

CCI has approved Adani Group’s Dubai based Renew Exim DMCC’s acquisition of 72.64% stakes in ITD Cementation, an engineering and construction company. Renew Exim DMCC will acquire 46.64 % shares of ITD Cementation India and another 26% from public shareholders in compliance with the regulations. Renew Exim DMCC is engaged in the business of investment in commercial enterprises and management. The said acquisition is proposed to bolster construction capabilities of ITD Cementation.

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