CCI Approves Amundi Asset Management and ICG Plc Combination

The Competition Commission of India has approved the proposed combination between Amundi Asset Management S.A.S. and ICG Plc. This involves Amundi acquiring a 4.64% stake in ICG's voting share capital, with rights to appoint a board director and subscribe to non-voting instruments up to 5.26%. Although Amundi lacks direct operations in India, it is associated with SBI Funds Management Limited, offering various asset management services. The detailed order from CCI is forthcoming.

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