India's Pricol files objection with competition regulator against Minda over stake buy

Pricol

17/05/2023 09:38

MUMBAI, May 17 (Reuters) - Indian auto components maker
Pricol Ltd  PRCO.NS  on Wednesday said it filed an objection
with the country's competition regulator against Minda
Corporation Ltd  MINC.NS  over acquisition of a 24.5% stake in
the company.
    Minda in February acquired a 15.70% stake in Pricol via an
open market transaction.  
    

 (Reporting by Nallur Sethuraman in Mumbai; Editing by Sonia
Cheema)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))