TaxTMI 
TaxTMI 
CCI approves acquisition of 21% voting interest in Astemo Ltd. by Honda Motor Co. Ltd
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....CI approves acquisition of 21% voting interest in Astemo Ltd. by Honda Motor Co. Ltd<BR>Corp. Laws, SEBI & IBC<BR>Dated:- 23-6-2026<BR><BR>The Competition Commission of India (CCI) has approved acquis....
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....ition of 21% voting interest in Astemo, Ltd. by Honda Motor Co., Ltd. The proposed combination relates to the acquisition of 21% voting interest in Astemo, Ltd. (Target) by Honda Motor Co., Ltd. (A....
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....cquirer) from Hitachi, Ltd. (Seller). The Acquirer is a limited liability joint stock corporation incorporated under the Companies Act of Japan as Honda Giken Kogyo Kabushiki Kaisha. It is the flag....
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....ship company of the "Honda Group". In India, it is primarily engaged in the (i) manufacture and sale of automobiles, two-wheelers, and power products, (ii) manufacture and sale of automotive component....
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....s for automobiles and two-wheelers, and (iii) research and development activities. The Target was incorporated in 2009 under the laws of Japan, merged and integrated in 2021 and is now jointly cont....
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....rolled by the Acquirer, Seller and JICC-01 Investment Business Limited Partnership. In India, the Target is primarily engaged in the (i) manufacture and sale of automotive components for automobiles a....
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....nd two-wheelers, (ii) sale of components for power products, and (iii) ancillary research and development activities. Detailed order of the Commission will follow. =============<BR> News - Press....
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.... release - PIB....