The antitrust watchdog said in a statement that it has approved Caladium Investment Ltd.’s roughly 7.49% stake in Aditya Birla Fashion and Retail Limited on a fully diluted basis through the preferential issue of shares and warrants.
The company becomes the largest global Home Textile bedding manufacturer.
In January, HGS International Mauritius had approved entering into a definitive agreement to acquire a 100% equity stake in Diversify.
Suumaya Retail Limited is the Wholly-Owned Subsidiary of the Company.
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