News

CCI Greenlights Minda Corporation’s Acquisition of Stake in Pricol Limited

New Delhi: In a significant development, the Competition Commission of India (CCI) has granted approval for the acquisition of up to 8.79% (approximately) of the equity share capital of Pricol Limited (Pricol) by Minda Corporation Limited (Minda).

The proposed combination revolves around Minda Corporation Limited acquiring a substantial stake of up to 8.79% in Pricol Limited. Minda Corporation, the acquirer in this deal, is actively involved in the manufacturing of auto-components parts, serving Original Equipment Manufacturers (OEMs) and Tier-1 clients across diverse segments in India.

On the other hand, Pricol Limited, the target company, is engaged in the manufacturing of automobile components catering to OEMs, Tier-1, and replacement markets both within India and globally.

This approval marks a strategic move in the automotive industry, where companies are aligning to strengthen their market presence and enhance their offerings. The collaboration between Minda Corporation and Pricol Limited is expected to bring synergies that will contribute to the growth and development of both entities.

The CCI’s green signal indicates that the proposed combination is in compliance with the competition norms and is not expected to adversely impact market competition. As the automotive sector continues to evolve, such alliances play a crucial role in fostering innovation, competitiveness, and sustainable growth.

Bureau The News Hashtag

Recent Posts

UG Admission Application Deadline Extended Till June 16 in Odisha

Bhubaneswar: Students seeking admission to undergraduate courses in Odisha for the 2026–27 academic session have…

20 hours ago

Utkalika Opens Handloom and Handicrafts Exhibition at DN Regalia Mall in Bhubaneswar

Bhubaneswar: In an effort to showcase and promote Odisha's rich handloom and handicraft traditions, a…

20 hours ago

Sahayog Programme Emerges as Lifeline for Urban Poor, Workshop Reviews Progress

Bhubaneswar: Efforts to improve access to government welfare schemes for vulnerable urban communities received a…

20 hours ago

Sudhanshu Sekhar Barpanda Sworn In as Member of Odisha Electricity Regulatory Commission

Bhubaneswar: The Odisha Electricity Regulatory Commission (OERC) on Tuesday welcomed a new member with the…

20 hours ago

Odisha Targets Completion of All Mega Rural Water Supply Projects by March 2027

Bhubaneswar: The Odisha government has set a March 2027 deadline for the completion of all…

2 days ago

West Bengal Renames Digha Jagannath Temple, Removes ‘Dham’ from Official Title

Bhubaneswar: The West Bengal government on Tuesday announced that the word “Dham” will no longer…

2 days ago