CCI grants approval for JSW Ventures to acquire up to 38 per cent of MG Motor India

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Key Points

New Delhi [India], January 24 (ANI): The Competition Commission of India (CCI) has given the green light to JSW Ventures Singapore Pte..

Limited for the acquisition of approximately 38 per cent of the share capital of MG Motor India Private Limited...

According to CCI, this strategic move is expected to pave the way for significant developments within the automobile sector...

MG Motor India Private Limited (the Target) is an Indian company dedicated to the original equipment manufacturing of automobiles and after-sale services...

This venture into the automotive sector signifies JSWs strategic approach to expanding its portfolio and making impactful contributions to the Indian automotive landscape...

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