TaxTMI 
TaxTMI 
CCI approves acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund – Large Value Fund (LVF) Scheme
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....CI approves acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund – Large Value Fund (LVF) Scheme <br>News and Press Release<br>Dated:- 3-4-2024<br><BR>The Competition Commi....
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....ssion of India (CCI) has approved the acquisition of shares of MG Motor India Private Limited by IndoEdge India Fund - Large Value Fund (LVF) Scheme. The proposed combination relates to the acquisiti....
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....on of up to approximately 8% of the share capital (8.70% of the voting and economic rights) of the MG Motor India Private Limited (Target) along with certain rights by the IndoEdge India Fund - LVF Sc....
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....heme (Acquirer) (Proposed Combination). The Acquirer is a large value fund for accredited investors, a scheme by IndoEdge India Fund (IndoEdge). IndoEdge is a contributory determinate trust registere....
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....d with the Securities and Exchange Board of India as a Category II Alternative Investment Fund, under the SEBI (AIF) Regulations, 2012. The Target is a company incorporated in India, engaged in the a....
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....utomobile original equipment manufacturing business and after sale services. The Target is primarily engaged in the manufacture and sale of passenger cars (including electronic vehicles) under the Tar....
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....get's brand 'MG'. Detailed order of the CCI will follow.<BR> News - Press release - PIB....