India Digest: CCI nod for Tata-Bhushan deal; Future JV with Fonterra, ACK stake sale; Adani fundraise

CCI has cleared the way for Tata Steel’s proposed acquisition of debt-ridden Bhushan Power and Steel while Adani Green Energy has got shareholders approval to raise funds up to Rs 50 billion. In another development, Future Consumer said that it will form a 50:50 joint venture with New Zealand’s Fonterra Co-operative Group Ltd for dairy products, and will sell stake in Amar Chitra.