CCI has approved the 100% acquisition of Emami Cements by a division of Nirma group of Ahmadabad. The deal was to divest 100% stake in Emami Cements to a unit of Nirma at an enterprise value of Rs.5500 crore. This move is part of Emami group’s plan to become debt-free. Emami Cement operates an integrated cement plant in Chhattisgarh and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3 million tonnes per annum. It has mining leases in Chhattisgarh, Rajasthan and Andhra Pradesh.