Competition Commission approves McNally Bharat-Kilburn deal – Feedback

Fair trade regulator CCI has approved the proposed amalgamation of McNally Bharat, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering.

McNally Bharat is mainly into turnkey projects across diverse sectors and holds over 74 per cent stake in McNally Sayaji. EMC and Kilburn hold 28.24 per cent and 1.69 per cent of the paid up share capital of McNally Bharat respectively, as per a regulatory filing by McNally Bharat in April. EMC primarily provides turnkey electrical solutions for transmission and distribution segments while Kilburn is into designing and manufacturing of process equipment and dryers, among others.

http://profit.ndtv.com/news/corporates/article-competition-commission-approves-mcnally-bharat-kilburn-deal-1419844

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