Minda Corporation has informed that Competition Commission of India (CCI) vide communication under sub regulation (5) of Regulation 28 of Competition Commission of India (Procedure in regard to transaction of business relating to combinations) Regulations, 2011 & Press Release dated February 20, 2024 from Competition Commission of India (CCI) has approved the proposal of acquisition of up to 8.79% (apprx.) of the equity share capital of Pricol (Target Entity) by Minda Corporation (Acquirer). Copies of Communication and press release dated February 20, 2024 are attached at Annexure-I.
The above information is a part of company’s filings submitted to BSE.
