# Carval Funds and Nithia to acquire Uttam Galva Metallics and Uttam Value Steel

The Competition Commission of India approved the acquisition of 100% of Uttam Galva Metallics Limited and Uttam Value Steel Limited by Carval Funds and Nithia on 3 June 2019.

- Type: Acquisition
- Announced: 2019-06-03
- Where: India
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Carval Funds](https://endata.com/companies/39750.md) (acquirer)
- [Nithia](https://endata.com/companies/39751.md) (acquirer)
- [Uttam Galva Metallics Limited](https://endata.com/companies/39752.md) (target)
- [Uttam Value Steel Limited](https://endata.com/companies/39753.md) (target)
- [Nithia Capital Resources Advisors](https://endata.com/companies/41193.md) (acquirer)

## Sources

- [exa.ai](https://exa.ai/library/publication/csd8pphy9mw), 2019-06-03: "CCI approves acquisition of 100% paid up share capital of UGML and UVSL by Carval Funds and Nithia"
- [azbpartners.com](https://www.azbpartners.com/bank/cci-approves-joint-acquisition-of-uttam-galva-metallics-limited-and-uttam-value-steel-limited-by-carval-funds-and-nithia/), 2019-08-07: "CCI approved the proposed joint acquisition of up to 100% of the total issued and paid up share capital of each of Uttam Galva Metallics Limited and Uttam Value Steel Limited by CarVal Funds and Nithia."

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