Mergers & Acquisitions Mergers & Acquisitions

Minda set to face gun-jumping probe, with India's antitrust authority focusing on initial stake in Pricol

By Freny Patel
  • 16 May 2023 03:05
  • 16 May 2023 03:05
Minda Corporation's merger application to increase its shareholding in Indian peer Pricol to 24.5 percent is likely to face a gun-jumping probe, with the antitrust authority set to question Minda’s intentions when it acquired the initial 15.7 percent stake in Pricol in February.
Last week, Noida-headquartered Minda sought approval from

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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