India, Feb. 18 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved acquisition of portfolio management services business of Axis Securities Limited by Axis Asset Management Company Limited.
The proposed combination is in the nature of an acquisition by Axis Asset Management Company Limited (Acquirer) of the portfolio management services business of Axis Securities Limited (Transferor) in India (Target Business) from the Transferor.
The Acquirer manages a mutual fund business and is also engaged in the business of provision of portfolio management services. The Acquirer has also established and manages alternative investment funds comprising of multiple strategies across Category II and ...