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Engineering | January 2014

CCI gives nod for hiving off USL-owned distillery in Tamil Nadu

The Competition Commission of India (CCI) has approved United Spirits Ltd´s (USL) proposed sale of a distillery in Tamil Nadu to Enrica Enterprises, stating that the deal will not affect competition. The proposed deal involves hiving off the operations at the unit of USL that makes Indian-made foreign spirits (IMFS) into Enrica´by way of slump sale on a going concern basis´.

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