News From Press CCI approves sale of Yes Bank's mutual funds subsidiaries to GPL Finance and Investments

CCI approves sale of Yes Bank's mutual funds subsidiaries to GPL Finance and Investments

Source: ET May 19, 2021

Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of Yes Asset Management (India) Ltd and Yes Trustee Limited by GPL Finance and Investments Ltd. The proposed combination envisages the acquisition of 100 per cent equity shares of the two entities by GPL, as per a release.

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