KPIT Technologies and Birlasoft has received approval from Competition Commission of India (CCI), for their amalgamation scheme.

KPIT in a filing to exchanges stated, “..the Competition Commission of India, at its meeting held on April 3, 2018, considered the proposed transaction and approved the same under sub-section (1) of Section 31 of the Competition Act, 2002 and issued an approval letter..”

Furthermore both companies informed that, they will first merge Birlasoft into KPIT and later split the combined entity into two public companies. One of the entities will focus on automotive engineering and mobility solutions, while the other will engage in enterprise digital business.

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