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.Ring Plus Aqua Limited (RPAL), a subsidiary of Raymond Ltd and this combination The acquisition is part of Raymond Group's foray into the aerospace business. This demerger is part of Raymond Group's strategy to expand into the aerospace, defense, and electric vehicle (EV) components business.

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