CCI okays Daiwa International's minority stake purchase in Ambit Wealth
The Competition Commission of India on Tuesday cleared Japan-based Daiwa International Holdings' proposal to acquire a minority stake in wealth management company Ambit Wealth Pvt Ltd.
The Competition Commission of India on Tuesday cleared Japan-based Daiwa International Holdings' proposal to acquire a minority stake in wealth management company Ambit Wealth Pvt Ltd.
"The proposed combination envisaged as a subscription to equity shares amounting to 15.01 per cent shareholding, on a fully diluted basis, of the target (Ambit Wealth Pvt Ltd) by the acquirer (Daiwa International Holdings Inc), the regulator said in a release.
Daiwa International Holdings Inc is an intermediary management holding company, incorporated in Japan. The group undertakes investment/ financial business, with securities-related business at its core.
