CCI approves Kora Master Fund's $75 mn in Edelweiss
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India, Oct. 17 -- The Competition Commission of India (CCI) has approved Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited under sub-section (1) of Section 31 of the Act.
The notification relates to a proposed investment by Kora in Edelweiss Securities Limited (ESL) and Edelweiss Global Investment Advisory Business (EGIA) Subsidiaries of up to INR equivalent to $75 million, as set out in the Share Subscription Agreement.
The Acquirer is a foreign portfolio investor (FPI) registered with the Securities Exchange Board of India ( SEBI ). Its principal activity is that of investment holding and related activities.
The Target Entities belong to the Edelweiss Group, with Edelweiss Financial Services Li...
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