CCI approves acquisition of up to 8.79% (approx.) of equity share capital of Pricol Limited by Minda Corporation Limited

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..... CCI approves acquisition of up to 8.79% (approx.) of equity share capital of Pricol Limited by Minda Corporation Limited
News and Press Release
Dated:- 20-2-2024

The Competition Commissi .....

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..... on of India (CCI) has approved the acquisition of up to 8.79% (approx.) of the equity share capital of Pricol Limited (Pricol/Target) by Minda Corporation Limited (Minda/Acquirer). The Proposed Combi .....

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..... nation relates to an acquisition of up to 8.79% (approx.) of the equity share capital of Pricol by Minda. The Acquirer is engaged in the business of manufacturing of auto - components parts and cater .....

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..... s to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India. The Target is engaged in the business of manufacturing of automobile components for OEMs, Tier-1 and replacement .....

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..... markets across India and globally. Detailed order of the CCI will follow.
News - Press release - PIB .....

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