Fair Trade Regulator Approves Mahindra Engineering Services-Tech Mahindra Deal

The Competition Commission of India (CCI) has given its approval to a proposed merger between Mahindra Engineering Services and Tech Mahindra.

The CCI is a regulatory council that monitors unfair trade practices. The merger “is not likely to have an appreciable adverse effect on competition in India,” it said in its order. Both entities are factions of the Mahindra & Mahindra group.

The merger would transfer all undertakings and business of Mahindra Engineering Services into Tech Mahindra.

“As stated in the notice, the purpose of the proposed combination is creation of unified engineering services division within Tech Mahindra,” the CCI order stated.

For more information, visit Tech Mahindra.