 "MG Motor")
The deal is to be accomplished via JSW Ventures Singapore Pte, a newly integrated entity that’s a part of the Sajjan Jindal-led JSW Group
Truthful commerce regulator CCI on Tuesday stated it has granted approval to JSW Group’s proposed acquisition of a stake in MG Motor India Pvt Ltd.
MG Motor India is a wholly-owned subsidiary of Shanghai-headquartered SAIC Motor.
The deal is to be accomplished via JSW Ventures Singapore Pte, a newly integrated entity that’s a part of the Sajjan Jindal-led JSW Group.
The proposed transaction pertains to the acquisition of as much as roughly 46 per cent of the share capital of the MG Motor India Pvt Ltd together with sure particular rights by the JSW Ventures Singapore Pte, as per the discover submitted to the Competitors Fee of India (CCI) by the entities.
As per an replace on CCI’s web site on Tuesday, the regulator has authorised the proposed deal.
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First Revealed: Jan 23 2024 | 10:48 PM IST
