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Competition Commission Of India Gives Green Signal To Denso Corp-Pricol Limited's Joint Venture-The Economic Times


Wednesday, 27 Mar 2013 08:00pm EDT 

The Economic Times reported that fair trade regulator Competition Commission of India (CCI) has approved Japan's auto component maker Denso Corp's proposed joint venture with Pricol Limited saying the deal would not have an adverse impact on competition. The proposed deal involves transfer by auto component maker Pricol, of Denso Technology Instrument Cluster Undertaking, relating to the four-wheeler personal passenger vehicles in Coimbatore and Gurgaon, to subsidiary Pricol Components Ltd (PCL). As per the agreement, upon the transfer, Denso would acquire 51% stake in PCL. Following the joint venture agreement on February 14, 2013, Denso had approached CCI for approval. 

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