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Feb 19, 2020

CCI Approves the Investment by Sanaka Growth SPV I Limited of USD 44 million in Edelweiss Global Investment Advisory Services

On December 13, 2019, CCI approved the investment by Sanaka Growth SPV I Limited (‘Sanaka’) in Edelweiss Securities Limited (‘ESL’) and Edelweiss Global Investment Advisory business (including its subsidiaries) (‘EGIA Business’) (together, ‘Target Entities’). The Target Entities are a part of the Edelweiss Group, which operates in the financial services sector and provides services such as corporate credit, wealth management, asset management, asset reconstruction and stock broking.[1]

CCI noted that there were no existing horizontal overlaps and vertical linkages between the business activities of Sanaka and the Target entities and accordingly approved the investment.

[1] Combination Registration No. C-2019/11/705.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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