CCI clears L’Oréal India's acquisition of Bare Anatomy maker Innovist: All you need to know

The Competition Commission of India (CCI) on Tuesday approved a proposal by cosmetics major L’Oréal India to acquire beauty and personal care company Onesto Labs, clearing the way for the proposed transaction."Commission approves acquisition of Onesto Labs by L'Oreal India," the anti-trust watchdog said in a statement. “The proposed combination pertains to the acquisition of 100 per cent shareholding in Onesto Labs Pvt Ltd (target) by L'Oreal India Pvt Ltd (acquirer).”L’Oréal India has 2 manufacturing units, 26 brandsL’Oréal India is…