<h1>CCI Approves Sundaram Asset Management's 100% Acquisition of Principal Entities, Including Mutual Fund Schemes Transfer.</h1> The Competition Commission of India has approved the acquisition of Principal Asset Management Private Limited, Principal Trustee Company Private Limited, and Principal Retirement Advisors Private Limited by Sundaram Asset Management Company Limited. This acquisition involves Sundaram acquiring 100% of the equity share capital of these entities. The schemes of Principal Mutual Fund will be transferred to Sundaram Mutual Fund, with Sundaram Trustee Company Limited and Sundaram Asset Management Company Limited taking over trusteeship and management, respectively. Sundaram Asset Management is a subsidiary of Sundaram Finance Limited, managing funds for various investor needs. A detailed order from the CCI will follow.