TaxTMI 
TaxTMI 
CCI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Limited
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....CI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Limited <br>News and Press Release<br>Dated:- 10-3-2022<br><BR>The Competiti....
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....on Commission of India (CCI) approves acquisition of 100% share capital of L&T Investment Management Limited (L&T AMC/Target) by HSBC Asset Management (India) Private Limited (HSBC AMC/Acquirer) The ....
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....proposed combination relates to acquisition of 100% equity share capital of L&T AMC by HSBC AMC from L&T Finance Holdings Limited (L&T Sponsor/Seller) and its nominees. The acquisition of equity share....
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....s of the Target falls under Section 5(a) of the Competition Act, 2002. HSBC AMC / Acquirer HSBC AMC is the asset management entity for operating the day-to-day functioning of HSBC Mutual Fund scheme....
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....s (HSBC MF). It is responsible for managing investments of money pooled-in through investments in HSBC MF. HSBC AMC is a wholly-owned indirect subsidiary of HSBC Holdings PLC (HSBC Group) and belongs ....
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....to the HSBC Group of companies. L&T AMC / Target L&T AMC is the asset management entity for operating the day-to-day functioning of L&T Mutual Fund schemes (L&T MF). It is responsible for managing i....
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....nvestment of money pooled-in through investments made in L&T MF. L&T AMC is a wholly owned subsidiary of L&T Sponsor. Detailed order of the CCI will follow.<BR> News - Press release - PIB....