The Competition Commission of India (CCI) authorizes the acquisition of a large portion of SMW Ispat Private Limited by OFB Tech Private Limited.The proposed combination aims to acquire the majority of SMW Ispat Private Limited (SMW Ispat) by OFB Tech Private Limited (OFB Tech).
OFB Tech, a limited liability company, is engaged in the trading of consumer goods such as metals, stainless steel, industrial chemicals and petroleum extracts, agricultural products to facilitate trade between businesses through their online or offline channels. SMW Ispat, a limited liability company, is involved in the manufacturing of products such as TMT steel and steel buildings.
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