+
CCI Clears Share Acquisition in Toyota Industries Corp
ECONOMY & POLICY

CCI Clears Share Acquisition in Toyota Industries Corp

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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code