The Competition Commission of India (CCI) has approval to Ring Plus Aqua Limited (RPAL) proposed acquisition of 59.25% shareholding in Maini Precision Products Limited (MPPL).

Economy Business

The Competition Commission of India (CCI) has approval to Ring Plus Aqua Limited (RPAL) proposed acquisition of 59.25% shareholding in Maini Precision Products Limited (MPPL). MPPL is engaged in manufacturing precision products for different industries and manufactures products based on the design requirements of its customers. The proposed combination inter alia envisages the acquisition of 59.25% shareholding in MPPL by RPAL, the acquisition of the entire shareholding of JK Files & Engineering Limited in JK Talabot Limited by a wholly owned subsidiary of Raymond Limited and merger of RPAL, MPPL and the engineering business of JK Files into the New Company.


     

     

     

 

     


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