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Advent gets CCI nod to pick up 14.3% stake in Aditya Birla Housing Finance
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.
Assam CM inaugurates Star Cement’s Cachar unit, Boosting Industrial Footprint in Barak Valley
Assam Chief Minister Himanta Biswa Sarma opened Star Cement Ltd.'s new plant in Cachar. This Rs 400 crore facility will boost cement availability in southern Assam and nearby states. It is expected to create over 1,000 jobs. The investment highlights growing confidence in Assam's industrial growth. The unit will support regional development and meet rising demand.