Axis AMC & Axis Securities Deal Approved by CCI
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CCI approves Axis Asset Management Co.'s acquisition of Axis Securities' portfolio management services business. Details inside.
Photograph: Anindito Mukherjee/Reuters
New Delhi, Feb 17 (PTI) Fair trade regulator CCI has approved the acquisition of portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd.
"The proposed combination is in the nature of an acquisition by Axis Asset Management Company of the portfolio management services business of Axis Securities Limited (transferor) in India (target business) from the transferor," the watchdog said in a release on Tuesday.
The Competition Commission of India (CCI) said it has cleared the proposed combination.
Axis Asset Management Company manages a mutual fund business and is also engaged in the business of provision of portfolio management services, among others. PTI RAM ANU
ANU
"The proposed combination is in the nature of an acquisition by Axis Asset Management Company of the portfolio management services business of Axis Securities Limited (transferor) in India (target business) from the transferor," the watchdog said in a release on Tuesday.
The Competition Commission of India (CCI) said it has cleared the proposed combination.
Axis Asset Management Company manages a mutual fund business and is also engaged in the business of provision of portfolio management services, among others. PTI RAM ANU
ANU
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