Mergers & Acquisitions Mergers & Acquisitions

Review of Minda-Pricol deal put on ice, as court tells antitrust regulator to suspend review

By Freny Patel
  • 26 May 2023 02:12
  • 26 May 2023 02:12
Minda Corporation’s bid to further increase its shareholding in auto-component manufacturer Pricol is facing headwinds in India, with the Madras High Court issuing an interim order preventing the antitrust watchdog from reviewing Minda’s merger application.

In an order passed on Thursday, the court admitted the petition of Pricol, which is trying to

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Freny Patel

Correspondent


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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