“AGI’s resolution plan got “conditional” approval from the CCI in March 2023. There were complaints that AGI’s acquisition of HNG would create a monopoly in the segment it operates yet the CCI gave its go-ahead on the “condition” that AGI had agreed to divest HNG’s Rishikesh plant”
So looks like it was voluntary in order to ensure CCI doesn’t raise concerns on monopoly.
Best case assuming positive SC verdict it will take 6 - 9 months before AGI would get hand on HNG assets. This is turning out to be long drawn battle.
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