Indian Competition Commission (CCI) on Tuesday, July 8, two financial residents are approved – UBSAAare Ap – Alcaare ProUmation – AlcSisTion Prouteto – Logistics on Lighticist Aricistic Andistiction Sectors.
The Commission approved taking different businesses in UBS AG and its associates in India through entities under 360 a group.
“The Commission agreed to take some businesses in UBS AG by 360 an entity,” said CCI.
According to the fair trade regulator, the merger includes:
- Claiming Portfolio Management Services (PMS) Business Credit Suisse Securities India in 360 portfolio managers
- Stock Broking claims and services distributing financial services to credit suisse securities through 360 distribution services
- The acquisition of a loan portfolio forms part of business credit and financing in UBS Finance India in 360 is a principal
In addition, UBS AP will subscribe to the 360’s warrants, close to 4.95 percent of its charge.
In another development, CCI also approves the stake of SmartShift Logistics Solutions, in the Poldphire formula in the LOGAARA plateshire platfire platfire IV AIF
“CCI approved to take a specific stake with SmartShift Logistics Solutions Priintied Perpphiro Holding IV AIF,” says
Both agreements are subject to additional detailed orders to issue commission.
