CCI approves merger of IDFC Ltd with IDFC FIRST Bank

The Competition Commission of India (CCI) has approved the merger of IDFC Ltd with IDFC FIRST Bank. The deal is subject to certain conditions, including the merger of IDFC Financial Holding into IDFC Ltd, followed by the amalgamation of IDFCL with IDFC FIRST Bank. The Competition Commission said it has approved the deal under the green channel route.

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