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CCI approves acquisition by Citrus Investment LLC of shares in Hitachi Construction Machinery

Published: Apr 08, 2026

By TIOLCorplaws News Service

NEW DELHI, APR 08, 2026: THE Competition Commission of India (CCI) has approved acquisition by Citrus Investment LLC (Citrus) of (i) additional shareholding of 0.4% in Hitachi Construction Machinery Co., Ltd. (HCM) and (ii) sole control of its 50:50 joint venture, HCJI Holdings K. K. (HCJI).

The Proposed Combination involves acquisition by Citrus of (i) additional shareholding of 0.4% in HCM through market purchases on a regulated stock exchange, i.e., the Tokyo Stock Exchange, and (ii) sole control of its 50:50 joint venture, HCJI, through a share buyback by HCJI of the 50% shareholding in HCJI.

Cirtus operates as an investment vehicle to hold shares and is not engaged in any other businesses/ activities in India or globally.

HCM is a public company listed on the Tokyo Stock Exchange. It is engaged in the business of manufacturing construction equipment.

HCJI is a holding company, established to hold shares in HCM. Apart from holding shares in HCM, HCJI does not have any activities globally or in India.

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