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B2B marketplace OfBusiness' parent gets CCI nod to acquire steel maker SMW Ispat
Source INC42 (opens in a new tab)
The Competition Commission of India (CCI) has approved the proposal of OFB Tech, the parent company of B2B marketplace OfBusiness, to acquire a 100% stake in steel manufacturer SMW Ispat.
SMW Ispat has a manufacturing plant in Maharashtra and makes steel products under the brand name Sangam TMT. OfBusiness had applied for approval with the competition watchdog in March 2022.