The Times of India News

Deal approvals: CCI clears Blackstones Federal Bank entry; Tata Steel gets nod for BlueScope buyout

The Competition Commission of India has greenlit Blackstone's acquisition of up to 9.99% stake in Federal Bank via warrants, marking the US private equity giant's entry into the private lender. Additionally, CCI approved Tata Steel's complete takeover of Tata BlueScope Steel, consolidating its control over the joint venture.