New Delhi : Fair trade regulator CCI on Tuesday cleared Abu Dhabi-based International Holding Company's proposal to acquire stakes in Sammaan Capital.International Holding Company (IHC), through its affiliate Avenir Investment RSC Ltd, is acquiring stakes in Sammaan Capital.

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The development came after IHC announced in October that it had entered into an agreement to invest USD 1 billion (Rs 8,850 crore) and would pick up a 43.46 per cent stake in Sammaan Capital.The Competition Commission of India (CCI) said it has approved the proposed deal."Commission approves the acquisition of certain shareholding of Sammaan Capital Limited (SCL/Target) by Avenir Investment RCS Ltd (Avenir/Acquirer)," the regulator said in a post on X.

Sammaan Capital is an RBI-registered non-deposi

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