CCI approves acquisition of stake in Mukand by Bajaj Group entities
The Competition Commission of India (CCI), on July 20th, approved the acquisition of certain equity shareholding of Mukand Ltd by Bajaj Group entities.
The proposed transaction envisages the acquisition of up to 16.57 percent of the equity share capital of Mukund by the acquirers – Bajaj Sevashram Pvt Ltd, Bachhraj and Company Pvt Ltd, Bachhraj Factories Pvt Ltd, and Sanraj Nayan Investments Pvt Ltd – all part of the Bajaj Group of companies.
The acquisition is in addition to around 57.7 percent of the issued and paid-up equity share capital presently held by the Bajaj Group.
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