Date: 2025-05-27Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves the combination inter alia envisaging the merger of Ring Plus Aqua and Maini Precision Products into JK Maini Precision Technologies Limited (JKMPTL); and demerger of aerospace business of JKMPTL into JK Maini Global Aerospace Limited
**Summary:**
The Competition Commission of India (CCI) has approved the merger of Ring Plus Aqua Limited (RPAL) and Maini Precision Products Limited (MPPL) into JK Maini Precision Technologies Limited (JKMPTL). The CCI also approved the demerger of the aerospace business of JKMPTL into JK Maini Global Aerospace Limited (JKMGAL). This decision follows a previous approval granted on March 6, 2024, for a similar transaction structure, which was subsequently modified. RPAL manufactures ring gears, flex plates, and water pump bearings, while MPPL produces precision products for various industries based on customer designs. Currently, neither JKMPTL nor JKMGAL have active operations. A detailed order from the CCI will be issued subsequently.
Key Entities Referenced
Competition Commission of India: Regulatory body responsible for competition enforcement in India; also referred to as CCI.
Ring Plus Aqua: One of the companies involved in the merger.
Maini Precision Products: One of the companies involved in the merger.
JK Maini Precision Technologies Limited: The company resulting from the merger of Ring Plus Aqua and Maini Precision Products; abbreviated as JKMPTL.
JK Maini Global Aerospace Limited: The company resulting from the demerger of the aerospace business of JK Maini Precision Technologies Limited; abbreviated as JKMGAL.
27 MAY 2025: Date of the press release.
PIB Delhi: Press Information Bureau, Delhi - Source of the notification.
Ring Plus Aqua Limited: Full legal name of Ring Plus Aqua, abbreviated as RPAL.
Maini Precision Products Limited: Full legal name of Maini Precision Products, abbreviated as MPPL.
Combination Registration No. C2023121089: Registration number of the earlier filed notice regarding the transaction; also referred to as 'Earlier Notice'.
6 March 2024: Date of the order approving the transactions notified under the Earlier Notice.
RPAL: Abbreviation for Ring Plus Aqua Limited.
MPPL: Abbreviation for Maini Precision Products Limited.
JKMPTL: Abbreviation for JK Maini Precision Technologies Limited.
JKMGAL: Abbreviation for JK Maini Global Aerospace Limited
NBAD Release ID: 2131759: Release ID of the notification.
Competition Commission of India
CCI approves the combination inter alia envisaging
the merger of Ring Plus Aqua and Maini Precision
Products into JK Maini Precision Technologies
Limited (JKMPTL); and demerger of aerospace
business of JKMPTL into JK Maini Global Aerospace
Limited
Posted On: 27 MAY 2025 7:55PM by PIB Delhi
The Competition Commission of India has approved the combination inter alia envisaging the merger of Ring
Plus Aqua and Maini Precision Products into JK Maini Precision Technologies Limited (JKMPTL); and
demerger of aerospace business of JKMPTL into JK Maini Global Aerospace Limited.
The combination inter alia envisages the merger of Ring Plus Aqua Limited (RPAL) and Maini Precision
Products Limited (MPPL) into JKMPTL; and demerger of aerospace business of JKMPTL into JK Maini
Global Aerospace Limited (JKMGAL).
Parties had earlier filed a notice bearing Combination Registration No. C-2023/12/1089 (Earlier Notice). The
th
Commission approved the transactions notified under the Earlier Notice vide order dated 6 March 2024.
However, there has been a change in the transaction structure post the approval of the Commission.
RPAL is engaged in the business of manufacturing and exporting ring gears, flex plates, and water pump
bearings.
MPPL is engaged in manufacturing precision products for different industries and manufactures products
based on the design requirements of its customers.
Both JKMPTL and JKMGAL does not have any operations currently.
Detailed order of the Commission will follow.
*****
NB/AD
(Release ID: 2131759)