CCI nod sought for merger of Tata Motors Finance with Tata Capital

Tata Capital Ltd has applied to the Competition Commission of India for approval to merge with Tata Motors Finance Ltd. The merger, approved by both companies' boards in June, will see Tata Capital issuing equity shares to TMFL shareholders, resulting in Tata Motors holding a 4.7% stake. The move aligns with Tata Motors' focus on emerging technologies.