CCI Approves 37.4% Acquisition of Adani Gas by Total Group, Future Stocks Rally As CCI Approves Amazon's 49% Acquisition in Future Coupons

CCI approves 37.4% acquisition of Adani Gas by Total Group. Future Group stocks rally as CCI approves Amazon's 49% acquisition in Future Coupons.

 

DEALS

CCI approves 37.4% acquisition of Adani Gas by Total Group. 

Go Ahead: The Competition Commission of India (CCI) has approved the acquisition of 37.4% shareholding and joint control by Total Group in Adani Gas. 

 

CCI noted that the deal would contribute towards bridging the energy deficit, augment supply of natural gas in India, enable Total Group to provide services in a cost-efficient manner and meet the country's long-term need for cleaner energy. ET Energyworld

 

Adani Gas share price jumped over 10% on the back of the news before closing at INR160.70 (+7.53%).

Future Group stocks rally as CCI approves Amazon's 49% acquisition in Future Coupons.

In Other News: Shares of Future Group companies gained over 18% today as the CCI approved the 49% acquisition of stake in Future Coupons by Amazon.

 

Future Coupons own 7.3% shares in Future Retail, and with the transaction in motion, Amazon would acquire around 3.58% stake in Future Group. Moneycontrol

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