The Competition Commission of India (CCI) has recently approved the acquisition of certain equity shareholding and voting rights in Toyota Industries Corporation by Elliott Associates, L.P., Elliott International, L.P., and The Liverpool Limited Partnership.

The proposed transaction involves the acquisition of shares through one or more on-market purchases on the Prime Market of the Tokyo Stock Exchange and/or the Premier Market of the Nagoya Stock Exchange. All three acquiring entities are limited partnerships managed and/or advised by Elliott Investment Management L.P..

Toyota Industries Corporation is publicly listed in Japan and is primarily engaged in the manufacturing and sale of automobiles, materials handling equipment such as lift trucks and automated logistics solutions, and textile machinery.

The CCI noted that a detailed order outlining the rationale for its approval will be issued separately.