The Competition Commission of India (CCI) has approved the merger of 51 Malabar Group’s companies with and into Malabar Gold and Diamonds Limited. The Proposed Combination envisages the merger of 51 Malabar Group’s companies (Transferor Companies) with Malabar Gold and Diamonds Limited (Transferee Company).
Most of the Transferor Companies engage in the jewelry business. The Transferee Company is the flagship of the Malabar Group, involved in manufacturing, trading, retailing, and dealing with a range of gold and diamond jewelry.
