The Competition Commission of India (CCI) has approved the acquisition of additional equity shares in Hero FinCorp, the financial services arm of India's largest two-wheeler maker Hero MotoCorp, by Otter and Link Investment Trust. The proposed combination envisages subscription to additional equity shares in Hero FinCorp by Otter Limited and Link Investment Trust. Otter is an investment company registered in Mauritius. Link is a private trust registered in India and is engaged in making investments.
Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
