CCI approves Future Consumer Enterprise-Grasim deal
The Dollar Business Bureau Competition Commission of India (CCI) has given its approval to the deal of Future Consumer Enterprise’s acquisition of consumer products division of Grasim Industries. The Kishore Biyani-led Future Consumer Enterprise has got the approval of CCI to purchase the business division of consumer products of Grasim Industries, a flagship company of Aditya Birla Group. Future Consumer Enterprise, a part of Future Group, operates some of the most popular retail networks in India and is involved in the business of branding, sourcing, marketing and distribution of grocery, food and FMCG products. A diversified firm, Grasim Industries Ltd is engaged in viscose staple fibre, chemicals and cement, among other products. The consumer product division of the company deals in baby wipes, ...
