MF News Reliance Asset get nod to buy Goldman Sachs's Indian fund arm

Reliance Asset get nod to buy Goldman Sachs's Indian fund arm

Source: Business Standard Jan 6, 2016

Reliance Capital Asset Management, part of the Anil Ambani-led group, on Tuesday said it has got the Competition Commission of India's nod for acquiring Goldman Sachs's onshore business in India like mutual funds and exchange-traded funds.

In a statement issued here, Reliance Capital Asset Management said it has received approval from the Competition Commission of India's (CCI) for acquiring Goldman Sachs's onshore asset management business in India.

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