CCI approves Adani Wilmar s acquisition of Ruchi Soya
Adani was the highest bidder for Ruchi Soya which is facing insolvency proceedings with bids.
"@CCI_India finds no Appreciable Adverse Effect on Competition in proposed acquisition of Ruchi Soya by Adani Wilmar Ltd " a tweet by CCI said on Monday.
In June yoga guru Ramdev promoted Patanjali Ayurved had raised concerns about Adani Wilmar s eligibility to bid for the company.
Last year Ruchi Soya Industries Ltd (RSIL) entered into the Corporate Insolvency Resolution Process (CIRP).
--IANS rrb-rv/pgh/mr