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Wednesday, June 19, 2024
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HomeBusinessIndia's Pricol files objection with competition regulator against Minda over stake buy

India’s Pricol files objection with competition regulator against Minda over stake buy

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MUMBAI (Reuters) – Indian auto components maker Pricol Ltd on Wednesday said it filed an objection with the country’s competition regulator against Minda Corporation Ltd over acquisition of a 24.5% stake in the company.

Minda in February acquired a 15.70% stake in Pricol via an open market transaction.

(Reporting by Nallur Sethuraman in Mumbai; Editing by Sonia Cheema)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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