# JTEKT receives approval to buy additional stake in Sona Koyo Steering Systems

India's Competition Commission approved JTEKT's proposal to acquire a 25.12% equity stake in its Indian joint venture Sona Koyo Steering Systems Ltd.

- Type: Acquisition
- Announced: 2017-05-17
- Where: India
- Status: announced
- Products: steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [JTEKT Corporation](https://endata.com/companies/8792.md) (acquirer)
- [Sona Koyo Steering Systems](https://endata.com/companies/21759.md) (target)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5240100/indias-cci-approves-jtekts-proposal-to-buy-stake-in-sona-koyo-steering-systems-), 2017-05-17: "India's fair trade regulator Competition Commission of India (CCI) has given its approval to Japanese firm JTEKT's proposed acquisition of additional stake in its Indian joint-venture Sona Koyo Steering Systems Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.