The Competition Commission of India (CCI) has granted approval for the proposed combination involving the merger of 51 companies belonging to the Malabar Group (Transferor Companies) with and into Malabar Gold and Diamonds Limited (Transferee Company). The Transferee Company is the flagship entity of the Malabar Group and is engaged in the comprehensive business of manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising, and dealing in all varieties of gold, gold ornaments, diamonds, bullion, silver, platinum, precious stones, and other jewellery ornaments. It also operates as a dealer, agent, consignor, and consignee for lifestyle products derived from jewellery and allied items, conducted directly and through a network of franchisees and agents. The majority of the 51 Transferor Companies are engaged in the jewellery business. The commission's detailed order regarding this approval will be published at a later date.