CCI Greenlights Daiwa's Stake Acquisition in Ambit Wealth

The Competition Commission of India (CCI) has approved a proposal by Daiwa International Holdings Inc. to acquire a 15.01% equity stake in Ambit Wealth Private Limited. The acquisition involves a subscription to equity shares on a fully diluted basis. Daiwa is based in Japan and focuses on investment and securities-related business operations. Ambit Wealth, a subsidiary of Ambit Private Limited, offers wealth management services in India. Further details of the commission's decision will be provided in a subsequent detailed order.

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