CCI Approves Minda's Stake Purchase in Pricol
By Rediff Money Desk, NEWDELHI Feb 20, 2024 19:06
The Competition Commission of India (CCI) has approved Minda Corporation's acquisition of up to 8.79% stake in Pricol, a leading automotive components manufacturer.
![CCI Approves Minda's Stake Purchase in Pricol](https://im.rediff.com/money/2018/dec/26auto1.jpg)
New Delhi, Feb 20 (PTI) The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation's proposed 8.79 per cent stake purchase in Pricol.
Minda Corporation is in the business of manufacturing of auto components and caters to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India.
The proposed combination relates to an acquisition of up to 8.79 per cent (approx.) of the equity share capital of Pricol by Minda, according to a release.
Pricol manufactures automobile components for OEMs, Tier-1 and replacement markets across India and globally.
Deals beyond a certain threshold require approval from the regulator CCI. PTI HG
Minda Corporation is in the business of manufacturing of auto components and caters to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India.
The proposed combination relates to an acquisition of up to 8.79 per cent (approx.) of the equity share capital of Pricol by Minda, according to a release.
Pricol manufactures automobile components for OEMs, Tier-1 and replacement markets across India and globally.
Deals beyond a certain threshold require approval from the regulator CCI. PTI HG
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