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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.

Sunil subramaniamSundaram asset management company ltdSundaram asset management companyCompetition commission of indiaPrincipal trustee companyCompetition commissionPrincipal asset managementPrincipal retirementSundaram financeAsset managementPrincipal retirement advisorsசுனில் சுப்ரமணியம்சுந்தரம் சொத்து மேலாண்மை நிறுவனம் லிமிடெட்சுந்தரம் சொத்து மேலாண்மை நிறுவனம்போட்டி தரகு ஆஃப் இந்தியாப்ரிந்ஸிபல் அறங்காவலர் நிறுவனம்