{"id":223657,"date":"2019-12-27T18:30:41","date_gmt":"2019-12-27T13:00:41","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223657"},"modified":"2019-12-27T17:47:14","modified_gmt":"2019-12-27T12:17:14","slug":"cci-approves-acquisition-of-shares-in-my-home-industries-by-my-home-constructions-and-its-affiliates","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/27\/cci-approves-acquisition-of-shares-in-my-home-industries-by-my-home-constructions-and-its-affiliates\/","title":{"rendered":"CCI approves acquisition of shares in My Home Industries by My Home Constructions and its affiliates"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) approves acquisition of shares in My Home Industries Private Limited by My Home Constructions Private Limited and its affiliates.<\/p>\n<p style=\"text-align: justify;\">The proposed combination envisages acquisition of 50% of the shareholding of My Home Industries Private Limited (My Home Industries) by My Home Constructions Private Limited (MHCPL), Jupally Real Estate Developers Private Limited (JREDPL) and Dr Rameswar Rao Jupally.<\/p>\n<p style=\"text-align: justify;\">MHCPL and JREDPL are part of My Home Group based out of Hyderabad, Telangana.\u00a0 Dr Rameswar Rao Jupally is the promoter of My Home Group, which has interests in construction and real estate development, manufacturing and supply of grey cement, power consultancy, power generation, power trading, transportation and logistics, media and broadcasting, pharmaceutical and education.<\/p>\n<p style=\"text-align: justify;\">My Home Industries is a 50:50 joint venture between CRH India Investments B.V. and the Acquirers. It is engaged in the manufacturing and supply of grey cement under the brand name \u201cMaha Cement\u201d in India. It is present in the states of Andhra Pradesh, Tamil Nadu, Union Territory of Puducherry, Telangana, Kerala, Karnataka, Odisha, West Bengal, Bihar, Maharashtra, Jharkhand and Chhattisgarh. It is also engaged in power generation activities from waste heat and solar power sources for the purposes of captive consumption.<\/p>\n<hr \/>\n<p><strong>Ministry of Corporate Affairs<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Source: PIB]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 27-12-2019]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) approves acquisition of shares in My Home Industries Private Limited by My Home Constructions Private Limited <\/p>\n","protected":false},"author":8808,"featured_media":76441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[39043,5461,37911,39045,39044,39046],"class_list":["post-223657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-acquisition-of-shares","tag-cci","tag-combination","tag-my-home-constructions","tag-my-home-industries","tag-power-generation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CCI approves acquisition of shares in My Home Industries by My Home Constructions and its affiliates | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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