CCI okays Blackstone's proposal to acquire 9.99 pc stake in Federal Bank

India's fair trade regulator, CCI, has approved two significant deals. Blackstone will acquire a 9.99 per cent stake in Federal Bank through warrants. This move allows Blackstone to nominate a director to the bank's board. In a separate decision, CCI cleared Tata Steel's acquisition of full control over Tata BlueScope Steel.

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