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TMI BlogCCI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private LimitedX X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Limited - News and Press Release Dated:- 10-3-2022 - News - The Competition Commission of India (CCI) approves acquisition of 100% share capital of L T Investment Management Limited (L T AMC/Target) by HSBC Asset Management (India) Private Limited (HSBC AMC/Acquirer) Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e proposed combination relates to acquisition of 100% equity share capital of L T AMC by HSBC AMC from L T Finance Holdings Limited ( L T Sponsor/Seller ) and its nominees. The acquisition of equity shares of the Target falls under Section 5(a) of the Competition Act, 2002 . HSBC AMC / Acquirer HSBC AMC is the asset management entity for operating the day-to-day functioning of HSBC Mutu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Fund schemes ( HSBC MF ). It is responsible for managing investments of money pooled-in through investments in HSBC MF. HSBC AMC is a wholly-owned indirect subsidiary of HSBC Holdings PLC ( HSBC Group ) and belongs to the HSBC Group of companies. L T AMC / Target L T AMC is the asset management entity for operating the day-to-day functioning of L T Mutual Fund schemes ( L T MF ). It is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... responsible for managing investment of money pooled-in through investments made in L T MF. L T AMC is a wholly owned subsidiary of L T Sponsor. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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