CCI approves Edelweiss’s acquisition of JP Morgan’s business in India
May 31 2016
News Category: AMC Specific Updates
Competition Commission of India has approved the acquisition of JP Morgan’s mutual fund business in India by Edelweiss. According to the scheme transfer agreement, the right to manage the JP Morgan MF schemes will be transferred by JP Morgan AMC to Edelweiss AMC, and the sponsorship of the JP Morgan MF Schemes will be transferred by JP Morgan Sponsor to Edelweiss Sponsor.