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CCI approves subscription to compulsory convertible debentures of Napino Auto and Electronics Limited by International Finance Corporation (IFC)
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....CI approves subscription to compulsory convertible debentures of Napino Auto and Electronics Limited by International Finance Corporation (IFC) <br>News and Press Release<br>Dated:- 24-4-2024<br><BR>The Competition Commission of India (CCI) has approved subscription to Compulsory Convertible Debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by International Finance Corporation (IFC....
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....). IFC is an international organisation, established in 1956 to further economic growth in its developing member countries by promoting private sector development. It is a member of the World Bank Group. IFC helps developing countries achieve sustainable growth by financing private sector investment, mobilizing capital in international financial markets, and providing advisory services to busines....
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....ses and governments. Napino is engaged in the business of automotive electronics and components in India. It manufactures electrical and electronic products primarily for 2-wheeler and a small segment of 3-wheeler and 4-wheeler vehicles. Further, Napino is also engaged in certain ancillary businesses pertaining to Internet of Things (IoT), smart data devices, prototyping, hardware designing, digi....
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....tal solutions, etc. Napino through its affiliates also provides certain Electronic manufacturing services (EMS)/Original Design Manufacturing (ODM) services, data collection devices and data center network infrastructure and related implementation/managed services. Detailed order of the CCI will follow.<BR> News - Press release - PIB....