The CCI approved the proposed acquisition of some shareholding by POSCO India Processing Center Private Limited in POSCO - India Pune Processing Center Private Limited

The CCI approved the proposed acquisition of some shareholding by POSCO India Processing Center Private Limited in POSCO - India Pune Processing Center Private Limited

Daily Current Affairs   /   The CCI approved the proposed acquisition of some shareholding by POSCO India Processing Center Private Limited in POSCO - India Pune Processing Center Private Limited

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Category : National Published on: February 06 2025

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  • The Competition Commission of India has approved the proposed acquisition of some shareholding by Posco India Processing Center Private Limited in Posco - India Pune Processing Center Private Limited.
  • POSCO India Processing Center Private Limited (the acquirer), a subsidiary of POSCO Holdings, is present in the extensive business of processing and distribution of steel, specifically in the market for processing and/or distribution of various value-added finished steel products such as (i) hot rolled coils, sheets and plates; (ii) cold rolled coils, sheets and plates; (iii) galvanized steel products; (iv) special and other steel products (such as electrical steel and other steel products like steel wire rod, scrap, coils, etc.).
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