Competition Comm approves Denso Corporation's stake purchase 7 per cent in Subros

The Competition Commission has cleared Japan-based Denso Corporation's additional 7 per cent stake acquisition in auto component maker Subros.

With the deal, shareholding of Denso in Subros will increase to 20 per cent from the present 13 per cent.

In a tweet on Thursday, the competition watchdog said it "approves, acquisition of 7 per cent of equity shares capital of Subros Limited by Denso Corporation"