The Competition Commission of India (CCI) approves the merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund, under Section 31(1) of the Competition Act, 2002.
The Proposed Combination relates to the merger of the BNP Paribas Mutual Fund and the BOB Mutual Fund. The Parties propose to amalgamate (i) BOB Asset Management Company (AMC) into BNPP AMC; (ii) BNPP Trustee Company (TC) into BOB TC; (iii) After the merger, BNPP AMC and BOB TC will be the surviving entities.
Static/Current Takeaways Important For IBPS SO 2019:
- Chairman of CCI: Ashok Kumar Gupta; Headquarters of CCI: New Delhi.
- Founded: 14 October 2003.
Source: The Press Information Bureau