The Competition Commission of India (CCI) has authorised acquisition of up to roughly 8.79% of equity shares of Pricol Limited by Minda Corporation. The CCI stated in a press launch that the acquirer (Minda Corporation) is engaged in manufacture of auto parts and caters to unique tools producers (OEMs) and tier-1 suppliers in India, whereas the goal firm (Pricol) manufactures auto parts for OEMs, tier-1 and alternative markets in India and overseas. An in depth order will observe, the CCI stated.
