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The Economic Times
The Economic Times
Business

CCI clears Honda's proposal to acquire additional 21% stake in Astemo

Honda CCI Hitachi Honda Motor Co Honda Motor The Competition Commission of India Honda Motor Co Ltd India Japan

The Competition Commission of India (CCI) on Tuesday approved Japanese automaker Honda Motor Co's proposal to acquire an additional 21 per cent stake in automotive components manufacturer Astemo from Hitachi.

"The proposed combination relates to the acquisition of 21 per cent voting interest in Astemo, Ltd. (Target) by Honda Motor Co., Ltd from Hitachi, Ltd," the regulator said in a release.

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