CCI approves Bank of India s acquisition of 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services
Prior to the transaction, Bank of India held 51 percent equity shares each in BAIM and BATS. The approval of the acquisition turns both the entities into wholly owned subsidiaries of the state-run lender. February 10, 2021 / 06:25 PM IST
The Competition Commission of India (CCI) on February 10 approved Bank of India s (BoI s) acquisition of 49 percent stake each in BOI AXA Investment Managers (BAIM) and BOI AXA Trustee Services (BATS).
Following the approval of this transaction, both BAIM and BATS have become wholly owned subsidiaries of
CCI approves BOI’s acquisition of 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services
February 10, 2021
The Competition Commission of India (CCI) has approved Bank of India’s acquisition of 49 per cent stake each in BOI AXA Investment Managers Pvt Ltd (BAIM) and BOI AXA Trustee Services Pvt Ltd (BATS).
Pursuant to this transaction, Bank of India will hold 100 per cent equity in BAIM and BATS.
Prior to this transaction, BOI AXA Mutual Fund was a joint venture between BOI (51 per cent stake ) and AXA Investment Managers Asia Holdings Pvt Ltd (AXA IM), which held 49 per cent stake each in BAIM and BATS.