CCI Approves International Holding Company's Stake in Sammaan Capital

The Competition Commission of India (CCI) has approved a big deal where a company from Abu Dhabi, called International Holding Company (IHC), is buying a large part of another company called Sammaan Capital.

IHC is paying USD 1 billion for 43.46% of Sammaan Capital.

Sammaan Capital is a financial company in India.

The CCI makes sure that such big deals are fair and do not harm competition.

In another deal, the CCI also approved a French company, Schneider Electric, to buy parts of its Indian and Singapore-based subsidiaries.

These deals need the CCI's approval to ensure fair business practices.