Acquires Shares of MG Motor India JSW Ventures Singapore

  • Approved by the Competition Commission of India (CCI).
  • Acquisition of approximately 38% of the share capital of MG Motor India Private Limited by JSW Ventures Singapore Pte. Limited.

JSW Ventures Singapore

  • It is a newly incorporated entity and is not engaged in any activities as of date.
  • It is a wholly-owned subsidiary of JSW International Tradecorp Pte. Limited.
  • It belongs to JSW Group.

MG Motor India Private Limited

  • It is a company incorporated in India.
  • It is engaged in the automobile original equipment manufacturing business and after-sale services.
  • It is primarily engaged in the manufacture and sale of passenger cars (including electronic vehicles) under the brand ‘MG’.
Posted in Current Affairs.