{"id":10355,"date":"2021-12-21T18:36:40","date_gmt":"2021-12-21T13:06:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-cci-forbes\/"},"modified":"2021-12-21T18:36:40","modified_gmt":"2021-12-21T13:06:40","slug":"biz-cci-forbes","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-cci-forbes\/","title":{"rendered":"Lunolux gets CCI nod for acquiring controlling stake in Forbes Enviro Solutions"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1535527420\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Dec 21 (PTI) The Competition Commission of India has given approval to the acquisition of a controlling stake in Forbes Enviro Solutions by Lunolux Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-782114686\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        The proposed combination pertains to the acquisition of controlling stake in Forbes Enviro Solutions Ltd (FESL) through the primary acquisition of up to 72.56 per cent stake and the subsequent acquisition of up to 26 per cent holding by way of an open offer.<\/p>\n<p>        Presently, the firm is a subsidiary of Eureka Forbes.<\/p>\n<p>        FESL will house the health and safety business of Eureka Forbes Ltd, which is business of water purifiers, air purifiers, security solutions, vacuum cleaners and electric air cleaning systems.<\/p><div class=\"trade-content_5\" id=\"trade-822052301\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        &#8220;Commission approves acquisition of controlling stake in Forbes Enviro Solutions by Lunolux (Advent International),&#8221; the regulator tweeted on Tuesday.<\/p>\n<p>        In another tweet, the CCI said it has approved acquisition of up to 16.94 per cent equity share capital of IRB Infrastructure Developers by Bricklayers Investment Pte Ltd (GIC Investor).<\/p>\n<p>        The proposed combination relates to GIC Investor\u2019s proposed acquisition of up to 16.94 per cent of the share capital of IRB Infrastructure on a fully diluted basis and non-fully diluted basis, through the subscription of new shares issued by way of a preferential issue on a private placement. PTI SRS MR   MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-515807327\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 21 (PTI) The Competition Commission of India has given approval to the acquisition of a controlling stake in Forbes Enviro Solutions by Lunolux Limited. The proposed combination pertains to the acquisition of controlling stake in Forbes Enviro Solutions Ltd (FESL) through the primary acquisition of up to 72.56 per cent stake and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-10355","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lunolux gets CCI nod for acquiring controlling stake in Forbes Enviro Solutions - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-cci-forbes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lunolux gets CCI nod for acquiring controlling stake in Forbes Enviro Solutions\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 21 (PTI) The Competition Commission of India has given approval to the acquisition of a controlling stake in Forbes Enviro Solutions by Lunolux Limited. 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