Current Affairs - Business - Discussion

The Competition Commission of India has approved the proposed combination which involves Eros International Plc, STX Filmworks Inc and Marco Alliance Limited. The indirectly wholly owned subsidiary of Eros Plc will merge into STX, where STX will continue to be the surviving entity. The Hony Group will subscribe some shares of the merged entity through Marco, an existing investor in STX. Competition Commission of India was Formed in 14 October 2003.