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CCI approves acquisition of 15.43% shareholding by Sanyo Special Steel Co. Ltd. in Sanyo Special Steel Manufacturing India Private Limited from Mitsui & Co. Ltd.
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....CI approves acquisition of 15.43% shareholding by Sanyo Special Steel Co. Ltd. in Sanyo Special Steel Manufacturing India Private Limited from Mitsui & Co. Ltd. <br>News and Press Release<br>Dated:- 1....
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....-5-2024<br><BR>The Competition Commission of India (CCI) has approved the acquisition of 15.43% shareholding by Sanyo Special Steel Co. Ltd. in Sanyo Special Steel Manufacturing India Private Limited ....
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....from Mitsui & Co. Ltd. Sanyo Special Steel Co., Ltd. is a Japan-based company that manufactures and sells steel products globally. It has manufacturing hubs in Europe and India. It is engaged in manu....
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....facturing and marketing of various special steel products, including bearing steel, engineering steel, stainless steel, heat resistant steel and tool steel. Sanyo is part of the Nippon Steel Corporati....
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....on Group. SSMI was a joint venture company which was incorporated in September 2012 between Mahindra & Mahindra Limited (India), Sanyo Special Steel Co., Ltd (Japan) and Mitsui & Co., Ltd (Japan). In....
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.... March 2019, the shareholding of the Target underwent a change and Sanyo Special Steel Co., Ltd. became the majority shareholder. Presently, SSMI is a subsidiary of the Acquirer / Sanyo Special Steel ....
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....Co. Ltd. SSMI is engaged in the market for manufacture of forged products, hot rolled products and cast products. Detailed order of the CCI will follow.<BR> News - Press release - PIB....