CCI clears Nippon Steel’s full takeover of Krosaki Harima:

CCI clears Nippon Steel’s full takeover of Krosaki Harima:

Daily Current Affairs / CCI clears Nippon Steel’s full takeover of Krosaki Harima:

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Category : Business and economics Published on: January 09 2026

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The Competition Commission of India (CCI) has approved Nippon Steel Corporation’s acquisition of Krosaki Harima Corporation.
Under the proposed deal, Nippon Steel will acquire an additional 53.4% stake in Krosaki through a tender offer and possible squeeze-out, raising its total ownership to 100%, from the existing 46.6%.
Krosaki Harima, a publicly listed Japanese company, operates in India through affiliates engaged in manufacturing and selling refractory products and services for industries such as iron and steel, cement, aluminium, power, copper, and lime.
Japan-based Nippon Steel has operations in India involving the manufacture of tubes and pipes, processing of automotive cold-rolled steel sheets, crankshafts, auto components, and the import and sale of various steel products.

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