The Competition Commission of India (CCI) has approved the proposed merger of various Anil Dhirubhai Ambani-led Reliance Group subsidiaries into Reliance Infrastructure (R-Infra).
The CCI has approved the proposed combination relating to the merger of Reliance Energy, Reliance Energy Generation, Reliance Goa and Samalkot, Reliance Infraventures, Reliance Property Developers into R-Infra. It has also cleared the demerger of container business undertaking of Reliance Infrastructure Engineers (RIEPL) into R-Infra. The combination is being undertaken to reduce the administrative costs, removing multiple-layer inefficiencies and to achieve operational and management efficiency.