CCI okays TVS Emerald to acquire shares of combination of PGIM India Asset & PGIM India Trustees (See 'Corp Brief') CCI approves subscription of equity by Kedaara Pearl & Kedaara Capital in Axis Finance (See 'Corp Brief') CCI nod for combination of certain CCPS and Romsons Group (See 'Corp Brief') IPR - Search engine cannot be permitted to auction or monetise that asset without proprietor's authorisation: HC (See 'Legal Desk') DoPPW and J&K Bank sign MoU to expand pension-related services in UT (See 'Corp Brief') NHAI to transit towards Predictive Asset Management for Maintenance of NHs (See 'Corp Brief') PMLA - 180-day limit for provisional attachment cannot be extended due to Supreme Court's COVID limitation orders: HC (See 'Legal Desk') ASI and National Museum of Denmark sign MoU for underwater Archaeological Investigation (See 'Corp Brief') Leyland, Switch Mobility to provide discounts for replacement of old trucks and buses (See 'Corp Brief') MeitY convenes Consultation on 'Supporting AI Transformation of IT Services Industry' (See 'Corp Brief') IPR - Copyright - object of Section 57 is to lift an author's status beyond material gains of copyright & give it special status & put intellectual property on a higher pedestal than normal objects of copyright: HC (See 'Legal Desk') Railways approves Rs.201 Crore Kavach Project for Ambala Division (See 'Corp Brief') IICA hosts National Conference on 'Redefining India's Restructuring Ecosystem' (See 'Corp Brief') Companies Act - Aggregate allotment of shares to 284 persons through 7 issuances demonstrates fund-raising exercise beyond scope of statutory exemption; it constitutes deemed public offer attracting requirements of Companies Act & applicable SEBI regulations: SAT (See 'Legal Desk') PM Modi, Macron inaugurate 'Bharat Innovates 2026' (See 'Corp Brief') Holistic Access to Justice Scheme and 'Reforms Utsav' held in HP (See 'Corp Brief') National Urban Learning Platform launched as urban arm of iGOT-Mission Karmayogi (See 'Corp Brief') CSIR-NIScPR Organized Skill Training Programme on Basics of Koha Software (See 'Corp Brief') PMLA- Forfeiture unsustainable where nexus between property and illegally acquired income not established: SAFEMA (See 'Legal Desk') The Income Tax Act, 2025: Privacy, Power, and Constitutional Scrutiny (See CORP EINSICHT )

Print

CCI okays TVS Emerald to acquire shares of combination of PGIM India Asset & PGIM India Trustees

Published: Jun 17, 2026

By TIOLCorplaws News Service

NEW DELHI, JUN 17, 2026: THE Competition Commission of India (CCI) has approved the proposed combination involving acquisition of PGIM India Asset Management Pvt. Ltd. and PGIM India Trustees Pvt. Ltd. by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services Pvt. Ltd.

The Proposed Combination envisages to acquire 100% of the issued, subscribed and paid-up share capital of the PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited ('Target entities') by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited.

TVS Emerald Limited (including through its subsidiaries) is engaged in the real estate development business in India. TVS Emerald does not have any business activities outside India.

TVS Venu Management and Consultancy Services Private Limited does not currently have any business activities.

The Target entities are engaged in the wealth management business including in the business of (i) mutual funds, (ii) portfolio management services, (iii) alternative investment funds and (iv) investment advisory services.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.