JSW Ventures Singapore, a subsidiary of JSW International Tradecorp and part of JSW Group, has received approval from the Competition Commission of India (CCI) to acquire up to 38% of MG Motor India.
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News News: JSW group will acquire a 35% stake in MG Motor India, a unit of China's SAIC. Jindal had been eyeing the auto industry for several years and chose MG
'One of the key focus areas of this joint venture will be to pursue the development of the EV ecosystem and to take a leadership position in this space,' says JSW Group’s Parth Jindal