Quick Summary
The Competition Commission of India (CCI) approves the acquisition of YES Asset Management (India) Limited (YES AMC) and YES Trustee Limited(YES Trustee) by GPL Finance and Investments Limited(GPL) today. The proposed combination envisages acquisition of 100% equity shares of YES AMC and YES Trustee by GPL. By way of these acquisitions, GPL will acquire Yes Mutual Fund and become its sole sponsor. GPL is registered with the Reserve Bank of India as a non-deposit taking and non- systemi
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The CCI has approved the acquisition of YES Asset Management (India) Limited (YES AMC) and YES Trustee Limited by GPL Finance and Investments Limited (GPL).
GPL Finance and Investments Limited (GPL) is acquiring YES AMC and YES Trustee.
GPL is a non-deposit taking, non-systemically important Non-Banking Financial Company registered with the RBI. It is an investment company involved in investing in mutual funds and providing services to White Oak Capital, and is part of the White Oak Group.
Through the acquisition of YES AMC and YES Trustee, GPL will acquire Yes Mutual Fund and become its sole sponsor.
YES AMC and YES Trustee currently belong to the YES Bank Limited group.
CAclubindia
