Quick Summary
CCI approves proposed combination relating to acquisition of Principal Asset Management Private Limited, Principal Trustee Company Private Limited and Principal Retirement Advisors Private Limited by Sundaram Asset Management Company Limited The Competition Commission of India (CCI) approves the proposed combination relating to acquisition of Principal Asset Management Private Limited, Principal Trustee Company Private Limited and Principal Retirement Advisors Private Limited by Sundaram Asse
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
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CCI has approved the proposed combination relating to the acquisition of Principal Asset Management Private Limited, Principal Trustee Company Private Limited, and Principal Retirement Advisors Private Limited by Sundaram Asset Management Company Limited.
Sundaram Asset Management Company Limited is acquiring 100% of the issued and paid-up equity share capital of Principal Asset Management Private Limited, Principal Trustee Company Private Limited, and Principal Retirement Advisors Private Limited.
The schemes of the Principal Mutual Fund will be transferred to Sundaram Mutual Fund as part of the proposed combination.
The trusteeship and management of the Principal Mutual Fund schemes will be transferred to Sundaram Trustee Company Limited and Sundaram Asset Management Company Limited, respectively.
Sundaram Asset Management Company Limited is a wholly owned subsidiary of Sundaram Finance Limited.
CAclubindia
