New Delhi, Fair trade regulator CCI on Tuesday approved Chennai-based TVS Group entities' proposal to acquire PGIM's India asset management business and also cleared Temasek's investment in medical devices maker Romsons Group.
"The proposed combination envisages to acquire 100 per cent of the issued, subscribed and paid-up share capital of the PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd (target entities) by TVS Emerald Ltd and TVS Venu Management and Consultancy Services Pvt Ltd," the regulator said in a release.
