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CCI approves acquisition of certain shareholding in Ambit Private Limited by Daiwa International Holdings Inc.
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....CI approves acquisition of certain shareholding in Ambit Private Limited by Daiwa International Holdings Inc. <br>News and Press Release<br>Dated:- 14-6-2023<br><BR>The Competition Commission of India....
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.... (CCI) approves the acquisition of certain shareholding in Ambit Private Limited by Daiwa International Holdings Inc. The proposed combination relates to acquisition of certain shareholding in Ambit ....
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....Private Limited by Daiwa International Holdings Inc. through a combination of primary subscription of shares and secondary share purchases from existing shareholders. Acquirer Daiwa International Ho....
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....ldings Inc. is an intermediary management holding company, incorporated in Japan. It was established for the purpose of holding stock or share in a domestic or foreign company and controlling and mana....
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....ging its commercial activities. Target Ambit Private Limited is a private company incorporated in India and provides a range of financial services. It is registered with Securities and Exchange Boar....
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....d of India as a merchant banker and its various subsidiaries are engaged in providing lending, stock broking, depository participant, research analyst, portfolio management, mutual fund distribution a....
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....nd fund management services. Detailed order of the CCI will follow.<BR> News - Press release - PIB....