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CCI approves acquisition by Jamnalal Sons Private Limited of 51% of equity share capital of Mukand Sumi Special Steel Limited The Competition Commission of India (CCI) approves acquisition by Jamnalal Sons Private Limited (JSPL/Acquirer) of 51% of equity share capital of Mukand Sumi Special Steel
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FAQ :
The Competition Commission of India (CCI) has approved the acquisition.
Jamnalal Sons Private Limited (JSPL) is acquiring Mukand Sumi Special Steel Limited (MSSSL).
JSPL is acquiring 51% of the equity share capital of MSSSL.
The shares are being acquired from Mukand Limited and its nominees.
MSSSL is engaged in the manufacturing, marketing, selling, and distribution of special and alloy steel hot rolled bars and hot rolled wire rods.
JSPL is an unregistered core investment company, primarily involved in investment and lending, and holds shares in various Bajaj Group Companies.
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