CCI APPROVES THE COMBINATION INTER ALIA ENVISAGING THE MERGER OF RING PLUS AQUA AND MAINI PRECISION PRODUCTS INTO JK MAINI PRECISION TECHNOLOGIES LIMITED (JKMPTL); AND DEMERGER OF AEROSPACE BUSINESS OF JKMPTL INTO JK MAINI GLOBAL AEROSPACE LIMITED

India, May 27 -- The Government of India issued the following news release:

The Competition Commission of India has approved the combination inter alia envisaging the merger of Ring Plus Aqua and Maini Precision Products into JK Maini Precision Technologies Limited (JKMPTL); and demerger of aerospace business of JKMPTL into JK Maini Global Aerospace Limited.

The combination inter alia envisages the merger of Ring Plus Aqua Limited (RPAL) and Maini Precision Products Limited (MPPL) into JKMPTL; and demerger of aerospace business of JKMPTL into JK Maini Global Aerospace Limited (JKMGAL).

Parties had earlier filed a notice bearing Combination Registration No. C-2023/12/1089 (Earlier Notice). The Commission approved the transactions notified...