( August 3, 2023, 02:35 GMT | Official Statement) -- MLex Summary: Toshiba Corporation's share acquisition by TBJH Inc, an indirect subsidiary of private equity firm Japan Industrial Partners, received merger clearance from the Indian competition watchdog on Wednesday. The deal was notified on and cleared under the automatic "green channel" route, given that the parties don't have any horizontal, vertical or complementary overlaps in any relevant markets in India, according to the merger filing made to the Competition Commission of India. TBJH announced in March this year its plans to take the Japanese conglomerate Toshiba private by buying out all its shares listed on the Tokyo and Nagoya stock exchanges, subject to merger clearance across various jurisdictions including India.Statement from the Competition Commission of India attached:...
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