SEBI approves takeover of Peerless Funds Management by Essel Finance
Aug 16 2017
News Category: AMC Specific Updates
According to media reports, the capital market regulator Securities and Exchange Board of India has approved Essel Finance Wealthzone, a wholly-owned subsidiary of Essel Finance Management, to acquire stake in Peerless Funds Management. The company has received approval to acquire entire shareholding of Peerless Fund Management Company Limited (Peerless AMC) and the Peerless Trust Management Company Limited (Peerless Trust).