CCI invokes doctrine of necessity to bypass the quorum to clear six deals

The next meeting of the CCI is scheduled for Tuesday. The watchdog may take a call on some of the remaining 14 deals which are awaiting nod

The Competition Commission of India (CCI) on Thursday invoked the doctrine of necessity to bypass the quorum to clear six deals. 

The deals, approved by the CCI, include acquisition of up to 25 per cent shareholding in Hindustan Ports Private Limited (HPPL) by the National Investment and Infrastructure Fund, and the proposed merger of Hindustan Infralog Private Limited into HPPL. 

The watchdog, in a meeting held after four months, also approved the subscription of compulsorily convertible preference shares of Hero Future Energies Global Limited by UK-based Ardor Holdings. The commission approved the acquisition of the textile effects business of the