Patanjali Foods gets CCI nod for Rs 1,100-crore buyout of parent’s home & personal care business

The Competition Commission of India has approved Patanjali Foods’ Rs 1,100 crore acquisition of the home and personal care business of Patanjali Ayurved. The deal enables Patanjali Foods to expand into fast-moving consumer goods. Patanjali Ayurved continues in manufacturing ayurvedic medicines and bulk trading.