CCI approves Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited under sub-section (1) of Section 31 of the Act.

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..... CCI approves Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited under sub-section (1) of Section 31 of the Act.
News and Press Release
Dated:- 17-10-2019< .....

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The Competition Commission of India (CCI) has approved Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited under sub-section (1) of Section 31 of the Act. .....

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..... The notification relates to a proposed investment by Kora in Edelweiss Securities Limited (ESL) and Edelweiss Global Investment Advisory Business (EGIA) Subsidiaries of up to INR equivalent to $75 mi .....

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..... llion, as set out in the Share Subscription Agreement. The Acquirer is a foreign portfolio investor (FPI) registered with the Securities Exchange Board of India (SEBI). Its principal activity is that .....

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..... of investment holding and related activities. The Target Entities belong to the Edelweiss Group, with Edelweiss Financial Services Limited (EFSL) as the ultimate holding company, are broadly engaged .....

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..... in the Edelweiss Global Investment Advisory Business. Summary of the Proposed Combination is available at : https://www.cci.gov.in/sites/default/files/notice_order_summary_doc/C-2019-08-681.pdf
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..... News - Press release - PIB .....

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