Renault To Acquire Remaining 51 Pc Stake In Renault-Nissan Automotive India, CCI Approves Proposal
Also Read: MG Astor Prices Hiked By Up To Rs 19,000; Check Details
The Renault Nissan Automotive India Pvt Ltd. operates the production facility in Chennai. With the 51 percent share acquisition, Renault now owns 100 percent of Renault Nissan Automotive India. While the proposal by the French car maker has been approved now, it was under consideration for the past few months. Renault previously laid out its plan to acquire the 51 percent stake in March 2025.
In its official statement, the Competition Commission of India stated that Renault's acquisition involves shares and fully-paid up zero-coupon, non-convertible redeemable shares held by Nissan Motor Company. However, the financial details of the company have not been revealed to the public.
Renault's share acquisition will have no effect on the other factors, which means Renault Group and Nissan will jointly work to develop vehicles, and Nissan will continue sourcing vehicles for the national and international markets from the joint venture.
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