Minda Corp approaches CCI to increase stake in Pricol; expert says move addresses synergies between two companies

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The synergy between the two companies make sense for both Minda Corporation and Pricol...

Auto component maker Minda Corporation on Tuesday said that its board is approaching the Competition Commission of India (CCI) to increase its stake in automotive technology firm Pricol to upto 24.5 per cent..

We would like to update that the Board of Directors in its meeting held on 1st May 2023, decided to file an application to Competition Commission of India (CCI) for making investment in equity shares of Pricol Limited upto 24.5 per cent of total equity shares of Pricol, at this stage, it said in a regulatory filing...

We would like to inform you that 76th meeting of the Board of Directors which was originally scheduled to be held on 18th May 2023 has been preponed to 10th May 2023 to consider inter alia the audited Financial Results (Standalone & Consolidated) for the Quarter and year ended 31st March 2023, it said in a regulatory filing..