The Competition Commission of India (CCI) has approved acquisition of stake in PAMP Technologies (India) Private Ltd (PAMP Technologies) and MMTC PAMP India Private Ltd by PAMP Ventures SA.

Economy Business

The Competition Commission of India (CCI) has approved acquisition of stake in PAMP Technologies (India) Private Ltd (PAMP Technologies) and MMTC PAMP India Private Ltd by PAMP Ventures SA. The proposed combination relates to the acquisition by PAMP Ventures SA (PAMP Switzerland/Acquirer) of 100 percent of the share capital of PAMP Technologies and 72.65 percent of the share capital of MMTC PAMP India Private Ltd. PAMP Switzerland is a holding company and does not undertake any operational activities on its own. PAMP Technologies captively provides IT services to only MKS PAMP Group companies.


      The CCI has approved the acquisition of additional shareholding of Thyssenkrupp Industries India Private Ltd (Target) by Protos Engineering Company Private Ltd (Protos) and Paharpur Cooling Towers Ltd (Paharpur).

     

     

 

     


          ____________________________