CCI Approves Acquisition Of Sanyo Special Steel Co. Ltd.

  • Sanyo Special Steel Co. Ltd. acquires 15.43% shareholding in Sanyo Special Steel Manufacturing India Private Limited from Mitsui & Co. Ltd. 
  • Sanyo Special Steel Co., Ltd. is a Japan-based company manufacturing and selling steel products globally. 
  • The company is part of the Nippon Steel Corporation Group. 
  • SSMI, a joint venture, was incorporated in 2012 between Mahindra & Mahindra Limited, Sanyo Special Steel Co., Ltd, and Mitsui & Co., Ltd. 
  • SSMI is a subsidiary of the Acquirer / Sanyo Special Steel Co. Ltd. 
  • Further details of the CCI’s decision will be provided.
Posted in Current Affairs.