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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
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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.
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