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Hero Investments-Hero Moto get CCI approval to combine

By  |  June 28, 2012

The Competition Commission of India has approved the combination of Hero Investments Private Limited and Hero Moto Corp. Ltd (HMCL). HMCL, an automaker, recently split from Honda Motor. Hero Investments is the investment holding company of HMCL–it holds 43.33 percent of HMCL’s share capital. The CCI cleared the combination because the two companies are engaged in different business activities–Hero Investments does not produce, supply, distribute, store or sell any goods or services, but is solely the investment arm of its parent.

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    Full content: The Hindu Business Line

     

    Related content: Merger Control in India: Partial Implementation of the ICN Recommended Practices

     

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