Shares of Pricol Acquired By Minda Corporation

  • The Competition Commission of India (CCI) has approved the acquisition of up to 8.79% of Pricol Limited’s equity share capital by Minda Corporation Limited. 
  • The acquisition relates to the Acquirer’s business of manufacturing auto-component parts for Original Equipment Manufacturers (OEMs) and Tier-1 in India.
  • Target is engaged in manufacturing automobile components for OEMs, Tier-1, and replacement markets across India and globally.
Posted in Current Affairs.