Blue Star climbs 6% as CCI approves merger with group companies

NEW DELHI: Shares of Blue Star surged over 6 per cent after the Competitions Commission of India (CCI) approved the proposed merger of its group companies, Blue Star Infotech and Blue Star Infotech Business Intelligence & Analytics. The company had applied for approval of the merger of in October.

Reacting to the development, share of Blue Star gained 6.16 per cent to hit a high of Rs 398.

CCI approved the merger at its December 16 meeting.