Key facts
- The Competition Commission of India (CCI) approved TVS Group's acquisition of PGIM India Asset Management.
- The CCI approved Temasek's investment in Romsons Group.
- The CCI approved Kedaara Capital's stake purchase in Axis Finance.
- Kedaara Capital's stake purchase in Axis Finance is valued at Rs 750 crore.
- This is Axis Finance's largest primary capital raise.
- This is Axis Finance's first funding from an external investor.
- The approvals are crucial for the completion of these transactions.
The Competition Commission of India (CCI) has granted approval for two significant corporate deals. The first approval allows for the acquisition of PGIM India Asset Management by entities associated with the TVS Group. Concurrently, the CCI has also approved an investment by Temasek into Romsons Group, a maker of medical devices. These approvals are essential steps for the finalization of both transactions.