The Competition Commission of India has approved a deal worth Rs 233 crore for an acquisition of Birla Textile Mills (BTM) by Sutlej Textiles and Industries.

In a filing to BSE, Sutlej Textiles and Industries said, “The Competition Commission of India (CCI) has communicated to us their approval.”

Sutlej Textiles and Industries earlier said, “The consideration for purchase of BTM from Chambal works out be Rs 232.63 crore (including net current assets) subject to closing and other adjustments, if any.”

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