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Oracle Credit Ltd has made further investment in Credent Asset Management Services Pvt Ltd by way of acquisition of 11,69,307 Equity Shares at a price of INR 48/- per share.
Mumbai (Maharashtra) [India], December 7 (ANI/Vicara PR): Credent Asset Management Services Pvt Ltd, an associate of Oracle Credit Limited, today announced that it has completed the acquisition of 49 per cent stake of Essel Finance Advisors and Managers LLP (EFAM). The acquisition is part of 100 per cent takeover plan post SEBI approval for change in control. EFAM was promoted by Essel Group in 2012, is engaged in the business of investment management of Alternative Investment Funds and currently manages two CAT II AIF with an AUM of over Rs 200 Crores. Through this strategic acquisition, Credent Asset Management aims to further expand its presence in Alternative Investment spaces as one of the fastest growing Financial Services entities in India. Speaking on this development, Mt. Aditya Vikram Kanoria, Managing Director of Credent Group said, "Our focus is to fast track our expansion plans and this acquisition is a part of the larger business vision and strategy. We are in the pr
Oracle has had a busy 2021 in the federal court system suing customers and third parties for copyright infringement relating to software audits, attacking maintenance & support competitors.