CCI clears Goldman Sachs-Amber Enterprises deal

Fair trade regulator CCI has approved financial services major Goldman Sachs' stake purchase in white goods maker Amber Enterprises India.

In a tweet, Competition Commission of India (CCI) said it "approves acquisition of 2,00,000 CCP shares, 36 percent of issued capital of Amber Enterprises (India) Pvt Ltd by Goldman Sachs entities".

CCP shares refer to Cumulative Convertible Preferences shares.

Amber is a leading original equipment manufacturer of white goods. It makes and customises original equipment as per specifications.

US-based Goldman Sachs is a global investment banking, securities and investment management firm. It offers financial services to diversified clients including corporations.