India, April 8 -- The Government of India issued the following news release:
The Competition Commission of India has approved the proposed acquisition of shares of Shriram Asset Management Company Limited by Sanlam Emerging Market (Mauritius) Limited and Shriram Credit Company Limited.
The proposed combination relates to subscription of equity shares of Shriram Asset Management Company Limited (SAMC) constituting 23% of the expanded voting share capital of SAMC by Sanlam Emerging Market (Mauritius) Limited (SEMM) by way of preferential allotment and further acquisition of up to 26% shareholding of SAMC from the public, as required under Section 3 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Re...