PAMP Group Restructures Its Shareholding within Its Conglomerate

  • The Competition Commission of India (CCI) has approved the acquisition of PAMP Technologies (India) Private Limited and MMTC PAMP India Private Limited by PAMP Ventures SA. 
  • The acquisition involves PAMP Ventures SA acquiring 100% of the share capital of PAMP Technologies and 72.65% of the share capital of MMTC PAMP India Private Limited. 
  • The merger is an internal group restructuring, with MKS PAMP Group Limited transferring its indirect shareholdings to the Acquirer. 
  • PAMP Switzerland is a holding company, PAMP Technologies provides IT services to MKS PAMP Group companies, and MMTC PAMP is involved in refining gold and silver.
Posted in Current Affairs.