Question
What recent acquisition has been approved by the
Competition Commission of India (CCI)?Solution
The Competition Commission of India (CCI) has approved the acquisition of 15.43% shareholding by Sanyo Special Steel Co. Ltd. in Sanyo Special Steel Manufacturing India Private Limited from Mitsui & Co. Ltd. This indicates that Sanyo Special Steel Co. Ltd. is acquiring a stake in Sanyo Special Steel Manufacturing India Private Limited from Mitsui & Co. Ltd.
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