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CCI Approves Bharat Biotech International-Eastman Exports Pact

The pact has been ratified under the green channel route, which means that a transaction that does not raise any risk of a noticeable unfavorable consequence on competition is considered to be approved

Photo Credit : KNN India

1670294940_JKN8jI_CCI_18_5_2021.jpg

The Competition Commission of India (CCI) has approved the proposed contract of Bharat Biotech International for attaining shares of Eastman Exports Global Clothing (EEGC) through a share purchase pact on Monday. 

The pact has been ratified under the green channel route, which means that a transaction that does not raise any risk of a noticeable unfavourable consequence on competition is considered to be approved. 

The proposed assortment associated with the acquisition of shares of Eastman Exports Global Clothing (EEGC) by Bharat Biotech International (BBIL) is being implemented by way of the share subscription agreement, and share purchase agreement.

BBIL is committed to the activity of manufacturing human vaccines and bio-therapeutics. On the other hand, EEGC is indulged in the business of sourcing, buying, distributing, and sales of yarn, fabric, and apparel.


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competition commission of india bharat biotech