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 approval was announced on July 7, 2026. The Transferee Company, which serves as the flagship entity of the Malabar Group, is engaged in the manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising, and dealing of all kinds 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 made from jewellery and allied items, conducted directly and through appointed dealers, franchisees, and agents. The CCI noted that most of the 51 Transferor Companies are also engaged in the jewellery business. The commission's detailed order regarding this merger approval will be published at a later date.