On January 6, 2026, the Competition Commission of India (CCI) approved the acquisition of Krosaki Harima Corporation (Krosaki) by Nippon Steel Corporation (Nippon Steel). Nippon Steel will acquire 53.4% shareholding of Krosaki via tender offer, potentially reaching 100% ownership. Nippon Steel already holds a 46.6% stake in Krosaki. Nippon Steel is a Japanese steelmaker engaged in manufacturing tubes, pipes, automotive cold rolled steel sheets, crankshafts, auto-parts, and also imports and sells various products. Krosaki is a public listed company in Japan and through its affiliates in India, is engaged in the manufacture and/or sale of refractory products and services to the iron & steel making, lime, steel, aluminium, power, cement, copper, etc. industries. Release ID: 2211958, Visitor Panel: 414. A detailed order from the Commission will follow.
Key Entities Referenced
Competition Commission of India (CCI): Indian regulatory body that approved the acquisition.
Nippon Steel Corporation: Acquiring company in the acquisition deal.
Krosaki Harima Corporation: Company being acquired by Nippon Steel Corporation.
Proposed Combination: Refers to the proposed merger/acquisition of Krosaki Harima Corporation by Nippon Steel Corporation.
Competition Commission of India
CCI approves acquisition of Krosaki Harima
Corporation by Nippon Steel Corporation
प्रव तथ: 06 JAN 2026 10:23PM by PIB Delhi
The Competition Commission of India (CCI) has approved acquisition of Krosaki Harima Corporation by
Nippon Steel Corporation
The proposed combination involves acquisition by Nippon Steel Corporation (Nippon Steel) of 53.4%
shareholding of Krosaki Harima Corporation (Krosaki) by way of a tender offer and potential squeeze out
(if applicable) (Proposed Combination). Nippon Steel holds an existing stake of 46.6% in Krosaki and
accordingly pursuant to the Proposed Combination, Nippon Steel’s shareholding in Krosaki would be
100%.
Nippon Steel is a Japan-based steelmaker. In India, Nippon Steel is engaged in the business of
manufacturing tubes and pipes, and processing automotive cold rolled steel sheets, crankshafts, and auto-
parts and also imports and sells various products.
Krosaki is a public listed company established in Japan. In India, Krosaki indirectly through its affiliate
entities, is, inter alia, engaged in the manufacture and/or sale of refractory products and services the iron &
steel making, lime, steel, aluminium, power, cement, copper, etc. industries.
Detailed order of the Commission will follow.
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NB
(रलीज़ आईडी: 2211958) आगंतुक पटल : 414
इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , ही