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

By Freny Patel ( May 16, 2023, 02:05 GMT | Insight) -- 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 the Competition Commission of India, just days after announcing its plans to increase its shareholding in Pricol.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....

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