Latest News | CCI Approves Minda Corporation's Stake Purchase in Pricol

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.

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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.

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Deals beyond a certain threshold require approval from the regulator CCI. PTI HG

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)