CCI clears proposed merger of Tata Motors Finance into Tata Capital

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The story "CCI clears proposed merger of Tata Motors Finance into Tata Capital" was covered 9 hours ago by Business Standard, a news publisher based in India.

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CCI clears proposed merger of Tata Motors Finance into Tata Capital - Business Standard

Quick Summary:

Tata Motors Finance Ltd (TMFL) operates as an NBFC-ICC and is engaged in the business of granting loans and facilities for financing the purchase of new vehicles manufactured by Tata Motors and its group companies.

The Competition Commission of India (CCI) on Tuesday cleared the proposed merger of Tata Motors Finance Ltd into Tata Capital Ltd.

"CCI approves the proposed merger of Tata Motors Finance Ltd with and into Tata Capital Ltd," the regulator said in a post on X.