CCI approves proposed combination involving acquisition of PGIM India Asset Management and PGIM India Trustees by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services

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....CI approves proposed combination involving acquisition of PGIM India Asset Management and PGIM India Trustees by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services<BR>News and Press Rel....

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....ease<BR>Dated:- 17-6-2026<BR><BR>The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of PGIM India Asset Management Pvt. Ltd. and PGIM India Trustees ....

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....Pvt. Ltd. by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services Pvt. Ltd. The Proposed Combination envisages to acquire 100% of the issued, subscribed and paid-up share capital of th....

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....e PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited ('Target entities') by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TV....

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....S Emerald Limited (including through its subsidiaries) is engaged in the real estate development business in India. TVS Emerald does not have any business activities outside India. TVS Venu Managem....

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....ent and Consultancy Services Private Limited does not currently have any business activities. The Target entities are engaged in the wealth management business including in the business of (i) mutu....

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....al funds, (ii) portfolio management services, (iii) alternative investment funds and (iv) investment advisory services. Detailed order of the Commission will follow. =============<BR> News - Pre....

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....ss release - PIB....