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14th Asia Africa Business & Social Forum: Awards & Business E-Summit

New Delhi [India], August 13 (ANI/PNN): With the vision of bringing together business and social leaders from Asia, the Middle East and Africa on a global platform for mutual welfare and collaboration, AsiaOne Media Group is organizing the 14th Edition of Asia Africa Business and Social Forum: Awards & Business E-summit on 27th August at Zoom App.

Sundaram Alternate Assets plans to raise ₹1,000 cr via real estate fund

Sundaram Asset Management Co-Principal deal gets CCI nod

Sundaram Asset Management Co-Principal deal gets CCI nod SECTIONS Last Updated: Apr 07, 2021, 10:29 AM IST Share Synopsis Competition Commission of India has cleared Sundaram Asset Management Company Ltd s (SAMC) proposed deal to acquire the asset management business of Principal in India. ET Online Competition Commission of India has cleared Sundaram Asset Management Company Ltd s (SAMC) proposed deal to acquire the asset management business of Principal in India. The deal involves acquisition of 100 per cent of the issued and paid-up equity share capital of Principal Asset Management Pvt Ltd (PAMPL), Principal Trustee Company Pvt Ltd (PTCPL) and Principal Retirement Advisors Pvt Ltd (PRAPL), as per a combination notice filed with the regulator.

Sundaram AMC gets CCI nod for Principal acquisition - The Hindu BusinessLine

Sundaram AMC gets CCI nod for Principal acquisition April 06, 2021 The deal is for buying out Principal AMC for ₹338.53 crore The Competition Commission of India (CCI) has approved the Sundaram Asset Management Company Ltd’s (SAMC) acquisition of Principal Asset Management, Principal Trustee Company and Principal Retirement Advisors. SAMC, a wholly owned subsidiary of Sundaram Finance, had in January this year announced acquisition of Principal Asset Management business in India for ₹338.53 crore. Principal Asset Management had assets under management of ₹7,447 crore as of December 2020 with about 90 per cent of this in equity-oriented schemes. “Commission approves acquisition of Principal Asset Management, Principal Trustee Company and Principal Retirement Advisors by Sundaram Asset Management Company,” the CCI said in a tweet.

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