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CCI approves acquisition of stake in PAMP Technologies (India) Private Limited and MMTC PAMP India Private Limited by PAMP Ventures SA

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....CI approves acquisition of stake in PAMP Technologies (India) Private Limited and MMTC PAMP India Private Limited by PAMP Ventures SA <br>News and Press Release<br>Dated:- 17-4-2024<br><BR>The Competi....

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....tion Commission of India (CCI) has approved acquisition of stake in PAMP Technologies (India) Private Limited and MMTC PAMP India Private Limited by PAMP Ventures SA The proposed combination relates ....

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....to the acquisition by PAMP Ventures SA (PAMP Switzerland/Acquirer) of: a) 100% of the share capital of PAMP Technologies (India) Private Limited (PAMP Technologies); and b) 72.65% of the share capit....

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....al (on a fully diluted basis) of MMTC PAMP India Private Limited (MMTC PAMP) Proposed combination is an internal group restructuring through which MKS PAMP Group Limited (ultimate parent entity of th....

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....e MKS PAMP Group) is transferring its indirect shareholdings in the Targets i.e. PAMP Technologies and MMTC PAMP to the Acquirer. PAMP Switzerland: It is a holding company and does not undertake any ....

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....operational activities on its own. PAMP Technologies: It captively provides IT services to only MKS PAMP Group companies. MMTC PAMP: It is engaged in the business of refining gold and silver. It als....

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....o sells gold and silver products such as coins and bars. Detailed order of the CCI will follow.<BR> News - Press release - PIB....

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