The Competition Commission of India (CCI) has approved acquisition of certain equity shareholding of Mukand by Bajaj Group entities. The proposed transaction envisages the acquisition of up to 16.57 per cent of the equity share capital of Mukund by the acquirers -- Bajaj Sevashram, Bachhraj and Company, Bachhraj Factories and Sanraj Nayan Investments -- all part of the Bajaj Group of companies, from the sellers.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
