India CCI Approves Tata’s Purchase of Wistron Plant, JSW-MG Deal

Competition Commission of India approved Tata Electronics Pvt.’s deal to acquire 100% stake in Wistron Infocomm Manufacturing, the nation’s antitrust regulator said in a statement Tuesday.

• It also approved JSW Group buying as much as 38% in MG Motor India via a unit
• The regulator also allowed Burman family’s acquisition of a stake in Religare Enterprises
• It also gave its nod for Fincare small Finance Bank’s merger with AU Small Finance Bank
• NOTE: Tata to Become First India IPhone Maker as Wistron Approves Sale
• NOTE: SAIC, India’s JSW Group to Form Joint Venture for Green Mobility

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