<h1>HSBC AMC to Acquire 100% of L&T Investment Management; Approved by CCI u/s 5(a) of Competition Act 2002.</h1> The Competition Commission of India has approved the acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Limited. This transaction involves HSBC AMC acquiring the entire equity share capital of L&T AMC from L&T Finance Holdings Limited and its nominees. The acquisition falls under Section 5(a) of the Competition Act, 2002. HSBC AMC, a wholly-owned subsidiary of HSBC Holdings PLC, manages HSBC Mutual Fund schemes, while L&T AMC manages L&T Mutual Fund schemes. Detailed order from the CCI will be issued subsequently.