CCI approves acquisition of certain shareholding in Ambit Private Limited by Daiwa International Holdings Inc.

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..... CCI approves acquisition of certain shareholding in Ambit Private Limited by Daiwa International Holdings Inc.
News and Press Release
Dated:- 14-6-2023

The Competition Commission of Indi .....

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..... a (CCI) approves the acquisition of certain shareholding in Ambit Private Limited by Daiwa International Holdings Inc. The proposed combination relates to acquisition of certain shareholding in Ambit .....

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..... Private Limited by Daiwa International Holdings Inc. through a combination of primary subscription of shares and secondary share purchases from existing shareholders. Acquirer Daiwa International H .....

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..... oldings Inc. is an intermediary management holding company, incorporated in Japan. It was established for the purpose of holding stock or share in a domestic or foreign company and controlling and man .....

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..... aging its commercial activities. Target Ambit Private Limited is a private company incorporated in India and provides a range of financial services. It is registered with Securities and Exchange Boa .....

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..... rd of India as a merchant banker and its various subsidiaries are engaged in providing lending, stock broking, depository participant, research analyst, portfolio management, mutual fund distribution .....

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..... and fund management services. Detailed order of the CCI will follow.
News - Press release - PIB .....

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