CCI Approves Acquisition of Edelweiss Asset Management Shares

The Competition Commission of India has approved the acquisition of up to 15% shareholding in Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited by Setu AIF Trust, Konark Trust, and MMPL Trust. This acquisition involves interconnected steps and is facilitated by Setu AIF Trust, a Category II AIF registered with SEBI, which acts through its investment manager, MMPL. Edelweiss Asset Management Limited is the asset management company for Edelweiss Mutual Fund, while Edelweiss Trusteeship Company Limited serves as the trustee for the fund.

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