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The Competition Commission of India has approved the acquisition of Patanjali Ayurved’s Home and Personal Care business by Patanjali Foods in a Rs 1,100 crore deal. Patanjali Foods is involved in various activities including processing oilseeds and FMCG goods, while Patanjali Ayurved focuses on manufacturing ayurvedic medicines and HPC items. The acquisition is part of Patanjali Foods’ strategy to expand and become a leading FMCG company, with Patanjali Ayurved being one of its promoters.
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