{"id":4171,"date":"2024-04-16T22:26:27","date_gmt":"2024-04-16T16:56:27","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=4171"},"modified":"2024-04-16T22:26:27","modified_gmt":"2024-04-16T16:56:27","slug":"cci-approves-acquisition-of-additional-shareholding-of-thyssenkrupp-industries-india-private-limited-by-protos-engineering-company-private-limited-protos-and-paharpur-cooling-towers-limited-paharpu","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/04\/16\/cci-approves-acquisition-of-additional-shareholding-of-thyssenkrupp-industries-india-private-limited-by-protos-engineering-company-private-limited-protos-and-paharpur-cooling-towers-limited-paharpu\/","title":{"rendered":"CCI approves acquisition of additional shareholding of Thyssenkrupp Industries India Private Limited by Protos Engineering Company Private Limited (Protos) and Paharpur Cooling Towers Limited (Paharpur)"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) has approved the acquisition of additional shareholding of Thyssenkrupp Industries India Private Limited (Target) by Protos Engineering Company Private Limited (Protos) and Paharpur Cooling Towers Limited (Paharpur).<\/p>\n<p style=\"text-align: justify;\">Protos is,\u00a0<em>inter alia,<\/em>\u00a0engaged in acting as an agent for companies that manufacture: (i) equipment, machinery and raw materials in various sectors such as steel, cement, sugar,etc.; and (ii) several industrial products. It is also a sole selling agent of Target. It identifies customers from the sugar industry who wish to buy sugar equipment\/plants from Target and earns a commission from Target for such an arrangement.<\/p>\n<p style=\"text-align: justify;\">Protos group is,\u00a0<em>inter alia,<\/em>\u00a0engaged in providing industrial inspection services and industrial certification services.<\/p>\n<p style=\"text-align: justify;\">Paharpur is engaged in the manufacture and sale of industrial cooling systems, generation of power (through wind) and non-banking financial services.<\/p>\n<p style=\"text-align: justify;\">Paharpur group is\u00a0<em>inter alia<\/em>\u00a0engaged in the: (a) development, rental and marketing of commercial and residential real estate projects; and (b) manufacture and sale of: (i) flexible packaging, pouches and retort pouches; and (ii) industrial valves and industrial pumps in India.<\/p>\n<p style=\"text-align: justify;\">Target is engaged in providing: (a) Engineering, Procurement and Construction (EPC) services to execute turnkey projects in various industries and aftersales services; (b) manufacture and sale of various industrial products; and (c) operation and maintenance for plants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved the acquisition of additional shareholding of Thyssenkrupp Industries India Private Limited (Target) by Protos Engineering Company Private Limited (Protos) and Paharpur Cooling Towers Limited (Paharpur). Protos is,\u00a0inter alia,\u00a0engaged in acting as an agent for companies that manufacture: (i) equipment, machinery and raw materials in various sectors such &hellip;<\/p>\n","protected":false},"author":1,"featured_media":4185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1127,1785,1784,1783],"class_list":["post-4171","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business-english-news","tag-cci","tag-paharpur-cooling-towers-limited","tag-protos-engineering-company-private-limited","tag-thyssenkrupp-industries-india-private-limited"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CCI approves acquisition of additional shareholding of Thyssenkrupp Industries India Private Limited by Protos Engineering Company Private Limited (Protos) and Paharpur Cooling Towers Limited (Paharpur) - Matribhumi Samachar English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matribhumisamachar.com\/en\/2024\/04\/16\/cci-approves-acquisition-of-additional-shareholding-of-thyssenkrupp-industries-india-private-limited-by-protos-engineering-company-private-limited-protos-and-paharpur-cooling-towers-limited-paharpu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCI approves acquisition of additional shareholding of Thyssenkrupp Industries India Private Limited by Protos Engineering Company Private Limited (Protos) and Paharpur Cooling Towers Limited (Paharpur) - Matribhumi Samachar English\" \/>\n<meta property=\"og:description\" content=\"The Competition Commission of India (CCI) has approved the acquisition of additional shareholding of Thyssenkrupp Industries India Private Limited (Target) by Protos Engineering Company Private Limited (Protos) and Paharpur Cooling Towers Limited (Paharpur). 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