The Proposed Combination relates to an acquisition of up to 8.79% (approx.) of the equity share capital of Pricol by Minda.
The Acquirer is engaged in the business of manufacturing of auto - components parts and caters to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India.
The Target is engaged in the business of manufacturing of automobile components for OEMs, Tier-1 and replacement markets across India and globally.
Detailed order of the Commission will follow.
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