CCI Approves Renault-Nissan Shareholding Acquisition

The Competition Commission of India has approved the acquisition of certain shareholding in Renault Nissan Automotive India Private Limited by Renault Group B.V. and Renault S.A.S. This acquisition involves equity shares and preference shares held by Nissan Motor Company and Nissan Overseas Investments. Renault Group B.V. designs and markets vehicles globally, while Renault S.A.S. is involved in vehicle-related services. The target company manufactures passenger vehicles and provides related services.

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