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TMI BlogCCI approves the acquisition of additional securities of DMI Finance Private Limited by MUFG Bank, Ltd.X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves the acquisition of additional securities of DMI Finance Private Limited by MUFG Bank, Ltd. X X X X Extracts X X X X X X X X Extracts X X X X ..... s approved the acquisition of additional securities of DMI Finance Private Limited by MUFG Bank, Ltd. The Proposed Combination envisages acquisition of additional securities of DMI Finance Private Lim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ited (DMI Finance/Target) by MUFG Bank, Ltd. (MUFG Bank/Acquirer), such that MUFG Bank's shareholding will increase to 20.0% of the share capital of DMI Finance. MUFG Bank is a prominent banking inst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itution based out of Japan with its headquarters in Marunouchi, Tokyo, Japan. MUFG Bank is wholly owned and controlled by Mitsubishi UFJ Financial Group, Inc., which is a financial services and holdin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g company incorporated in Tokyo, Japan. In India, MUFG Bank provides: (i) corporate banking loans; (ii) deposit accounts; (iii) remittances; (iv) trade finance; and (v) bank guarantees. DMI Finance i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s a private limited company registered as a middle layer 'systematically important non-deposit accepting' Non-Banking Financial Company with the Reserve Bank of India. It is engaged in the provision o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f loans and lending services in India including the provision of personal loans, loans to micro, small and medium enterprises and consumption loans.
Detailed order of the Commission will follow. X X X X Extracts X X X X X X X X Extracts X X X X ..... News - Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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