Competition Commission of India (CCI) has approved the acquisition of YES Asset Management (India) Limited (YES AMC) and YES Trustee Limited (YES Trustee) by GPL. GPL Finance and Investments Limited (GPL) will acquire 100% equity shares of YES AMC and YES Trustee.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
GPL will acquire Yes Mutual Fund and become its sole sponsor. It is registered with the Reserve Bank of India as a non-deposit taking and non-systemically important Non-Banking Financial Company (NBFC). GPL is classified as an investment company. It is part of White Oak Group, an investment management and investment advisory group founded by Mr Prashant Khemka. YES AMC and YES Trustee belong to YES Bank Limited group. YES AMC acts as an asset management company/investment manager to YES Mutual Fund.
Important takeaways for all competitive exams:
Coriander is a widely used herb that enhances the flavor of dishes around the world.…
Some rulers in history are remembered not just for their conquests but for their efforts…
The ICC Champions Trophy, often nicknamed the "Mini World Cup," was introduced by the International…
Indonesia has officially become a full member (11th) of the BRICS group of emerging economies.…
Karnataka, a state in southern India, is known for its rich culture, scenic landscapes and…
The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…