Competition Commission of India (CCI) Approves Strategic Shareholding Moves in Hitachi Astemo Ltd.
Goverment Scheme
New Delhi, India – In a significant development in the automotive industry, the Competition Commission of India (CCI) has given the green light to a series of strategic shareholding acquisitions involving Hitachi Astemo Limited (HAL), JICC-01 Limited Partnership, Honda. Motor Company Limited (HMCL), and Hitachi Astemo Electric Motor Systems (HAEMS), fair trade regulator Competition Commission of India (CCI) on Tuesday said it has approved the merger of Japan Investment Corporation and Honda Motor Company Limited (HMCL) into Hitachi Astemo. Has given. Ltd. (HAL). Acquisition of some shareholding has been approved. According to an official release, the proposed deal pertains to the acquisition of 20 per cent voting rights in HAL by JICC, an affiliate of Japan Investment Corporation, along with certain control rights, board representation and other rights.
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