{"id":225471,"date":"2020-02-11T18:30:35","date_gmt":"2020-02-11T13:00:35","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=225471"},"modified":"2020-02-11T17:05:40","modified_gmt":"2020-02-11T11:35:40","slug":"cci-approves-of-a-joint-venture-between-mahindra-mahindra-and-ford-motor","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/11\/cci-approves-of-a-joint-venture-between-mahindra-mahindra-and-ford-motor\/","title":{"rendered":"CCI approves of a joint venture between Mahindra &#038; Mahindra and Ford Motor"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) approves the formation of a joint venture between Mahindra &amp; Mahindra and Ford Motor and the transfer of the automotive business of Ford India to the joint venture.<\/p>\n<p style=\"text-align: justify;\">The proposed combination envisages the formation of a joint venture, namely Ardour Automotive Private Limited, between Mahindra and Mahindra Limited (<strong>M&amp;M<\/strong>) and Ford Motor Company (<strong>FMC<\/strong>); and the transfer of the automotive business (except powertrain business at Sanand) of Ford India Private Limited (<strong>FIPL<\/strong>) to the joint venture.<\/p>\n<p style=\"text-align: justify;\">M&amp;M is publicly traded on the National Stock Exchange and the Bombay Stock Exchange. The Mahindra group has diversified interests across various sectors including automotive, farm equipment, agricultural products and services, smaller range power generation equipment, financial services, information technology, logistics, alternative energy, aerospace, steel processing, trading, insurance broking, real estate and infrastructure, and hospitality.<\/p>\n<p style=\"text-align: justify;\">FMC is an American automobile company. It has operations in various countries such as the United States, Canada, Mexico, China, the United Kingdom, Germany, Turkey, Brazil, Argentina, Australia, and South Africa. FIPL is an indirect wholly-owned subsidiary of FMC.<\/p>\n<hr \/>\n<p><span style=\"color: #0000ff;\">Ministry of Corporate Affairs<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"color: #0000ff;\">[Source: PIB]<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"color: #0000ff;\">[Press Release dt. 11-02-2020]<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) approves the formation of a joint venture between Mahindra &amp; Mahindra and Ford Motor and the <\/p>\n","protected":false},"author":8808,"featured_media":76441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[39574,39573,35976,39572],"class_list":["post-225471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-automotive-business-of-ford-india","tag-ford-motor","tag-joint-venture","tag-mahindra-mahindra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CCI approves of a joint venture between Mahindra &amp; 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Co advises Mahindra Holdings Limited and Mahindra Susten Private Limited on Ontario Teachers\u2019 Pension Plan Board&#8217;s investment","author":"Bhumika Indulia","date":"September 23, 2022","format":false,"excerpt":"DEAL DETAILS Mahindra Holdings Limited and Mahindra Susten Private Limited | Investment by Ontario Teachers' Pension Plan Board NO HEADINGS DETAILS 1. \u00a0 Sector Infrastructure: Renewable energy, Solar Energy 2. \u00a0 Announcement Date 17-Sep-2022 3. \u00a0 Completion Date Ongoing 4. \u00a0 Name of Client Mahindra Holdings Limited 5. \u00a0 Investor\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Mahindra Holdings","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Mahindra-Holdings-Limited-and-Mahindra-Susten-Private-Limited-on-Ontario-Teachers-Pension-Plan-Boards-investment-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Mahindra-Holdings-Limited-and-Mahindra-Susten-Private-Limited-on-Ontario-Teachers-Pension-Plan-Boards-investment-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Mahindra-Holdings-Limited-and-Mahindra-Susten-Private-Limited-on-Ontario-Teachers-Pension-Plan-Boards-investment-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Mahindra-Holdings-Limited-and-Mahindra-Susten-Private-Limited-on-Ontario-Teachers-Pension-Plan-Boards-investment-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Mahindra-Holdings-Limited-and-Mahindra-Susten-Private-Limited-on-Ontario-Teachers-Pension-Plan-Boards-investment-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":277164,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/10\/khaitan-co-advises-mahindra-finance-on-proposed-acquisition-of-20-of-the-share-capital-of-mahindra-insurance-brokers-limited-by-mahindra-finance\/","url_meta":{"origin":225471,"position":2},"title":"Khaitan &#038; Co advises Mahindra Finance on proposed acquisition of 20% of the share capital of Mahindra Insurance Brokers Limited by Mahindra Finance","author":"Bhumika Indulia","date":"November 10, 2022","format":false,"excerpt":"\u00a0 \u00a0 \u00a0 Mahindra and Mahindra Financial Services Limited and Mahindra Insurance Brokers Limited | Proposed acquisition by Mahindra and Mahindra Financial Services Limited of 20% of Mahindra Insurance Brokers Limited NO HEADINGS DETAILS 1.\u00a0 Sector Insurance; Insurance Broking 2.\u00a0 Announcement Date 21-Oct-2022 3.\u00a0 Name of Client Mahindra and Mahindra\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-231-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-231-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-231-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-231-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-231-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":264753,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/30\/insurance-policies\/","url_meta":{"origin":225471,"position":3},"title":"Forcing buyers to purchase insurance policies?\u00a0 Even if dealers offer to sell insurance policies to customers, customers may yet have option to buy such policies from alternative channels: CCI","author":"Bhumika Indulia","date":"March 30, 2022","format":false,"excerpt":"Competition Commission of India (CCI): The Coram of Ashok Kumar Gupta (Chairperson) and Sangeeta Verma and Bhagwant Singh Bishnoi (Members) addressed a matter wherein it was alleged that certain Car Companies were abusing their dominant position and denying the cashless claim to consumers if the insurance policy had not been\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":222579,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/27\/cci-approves-acquisition-of-4-94-shareholding-in-suzuki-motor-corporation-by-toyota-motor-corporation\/","url_meta":{"origin":225471,"position":4},"title":"CCI approves acquisition of 4.94% shareholding in Suzuki Motor Corporation by Toyota Motor Corporation","author":"Bhumika Indulia","date":"November 27, 2019","format":false,"excerpt":"The Competition Commission of India (CCI) approves the acquisition of 4.94% shareholding in Suzuki Motor Corporation (SMC) by Toyota Motor Corporation (TMC) and the acquisition of 0.24% shareholding in TMC by SMC. The proposed combination relates to the acquisition of a minority shareholding of 4.94% in SMC by TMC, and\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":288804,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/07\/rbi-imposed-monetary-penalty-on-mahindra-mahindra-financial-services-ltd-for-non-compliance-with-non-banking-financial-company-systemically-important-non-deposit-taking-company-and-deposit-tak\/","url_meta":{"origin":225471,"position":5},"title":"RBI imposes monetary penalty of Rs. 6.77 crores on Mahindra &amp; Mahindra Financial Services Ltd.","author":"Kriti","date":"April 7, 2023","format":false,"excerpt":"On 6-4-2023, the Reserve Bank of India (\u2018RBI\u2019) imposed monetary penalty of Rs. 6.77 crores on Mahindra & Mahindra Financial Services Ltd., Mumbai for non-compliance with the Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. Background: RBI conducted a statutory inspection\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"RBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-498.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-498.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-498.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-498.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=225471"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/76441"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=225471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=225471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=225471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}