<h1>Sachin Bansal Group Acquires Essel Mutual Fund in First Green Channel Combination Under Competition Act, 2002.</h1> The Competition Commission of India (CCI) received its first green channel combination notification on October 3, 2019, under the Competition Act, 2002. This involves the acquisition of Essel Mutual Fund by an entity within the Sachin Bansal Group. Essel Finance AMC Limited manages Essel Mutual Fund, while Essel MF Trustee Limited acts as its trustee, ensuring compliance with SEBI regulations. Essel Finance Wealth Zone Private Limited sponsors Essel Mutual Fund and is the parent company of both the AMC and trustee entities. The proposed combination is automatically approved upon filing under the Green Channel process.