CCI approves acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund – Large Value Fund (LVF) Scheme

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..... CCI approves acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund – Large Value Fund (LVF) Scheme
News and Press Release
Dated:- 3-4-2024

The Competition Commis .....

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..... sion of India (CCI) has approved the acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund - Large Value Fund (LVF) Scheme. The proposed combination relates to the acquisitio .....

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..... n of up to approximately 8% of the share capital (8.70% of the voting and economic rights) of the MG Motor India Private Limited (Target) along with certain rights by the IndoEdge India Fund - LVF Sch .....

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..... eme (Acquirer) (Proposed Combination). The Acquirer is a large value fund for accredited investors, a scheme by IndoEdge India Fund (IndoEdge). IndoEdge is a contributory determinate trust registered .....

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..... with the Securities and Exchange Board of India as a Category II Alternative Investment Fund, under the SEBI (AIF) Regulations, 2012. The Target is a company incorporated in India, engaged in the au .....

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..... tomobile original equipment manufacturing business and after sale services. The Target is primarily engaged in the manufacture and sale of passenger cars (including electronic vehicles) under the Targ .....

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..... et's brand 'MG'. Detailed order of the CCI will follow.
News - Press release - PIB .....

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