IndoEdge India Acquires Shares of MG Motor India

  • The Competition Commission of India (CCI) has approved the acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund – Large Value Fund (LVF) Scheme. 
  • The proposed combination involves the acquisition of up to 8% of the share capital (8.70% of voting and economic rights) of the MG Motor India Private Limited (Target) along with certain rights by the IndoEdge India Fund – LVF Scheme (Acquirer). 
  • IndoEdge is a large-value fund for accredited investors registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund.
Posted in Current Affairs.