The Competition Commission of India (CCI) approves acquisition of stake in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited by ___________ , ChrysCapital and GIC.
This question involves understanding a specific business acquisition approved by the Competition Commission of India (CCI).
CCI Approval for IDFC AMC Stake Acquisition
The Competition Commission of India (CCI) is responsible for ensuring fair competition in the market. It reviews mergers, acquisitions, and combinations that could have a significant impact on competition within India.
In this case, the CCI has approved the acquisition of a significant stake in two key companies:
- IDFC Asset Management Company Limited
- IDFC AMC Trustee Company Limited
The approval specifies that the acquisition is made by a consortium of investors. The known investors mentioned are ChrysCapital and GIC. The question asks to identify the third key investor involved in this acquisition deal.
Identifying the Acquiring Entity
Based on the options provided, we need to identify which entity, alongside ChrysCapital and GIC, is acquiring stakes in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited, as approved by the CCI.
The options provided are:
| Option Number | Company Name |
| 1 | Bajaj Finserv Ltd |
| 2 | L & T Finance Holdings Ltd |
| 3 | Equitas Holdings Ltd |
| 4 | Bandhan Financial Holdings Ltd |
| 5 | Muthoot Finance Ltd |
The correct entity among the options involved in the acquisition with ChrysCapital and GIC is Bandhan Financial Holdings Ltd.
Conclusion of the Acquisition Approval
Therefore, the Competition Commission of India (CCI) has approved the acquisition of stakes in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited by Bandhan Financial Holdings Ltd, ChrysCapital, and GIC.
Important Questions from Miscellaneous
A stone is thrown horizontally from the top of a 20 m high building with a speed of 12 m/s. It hits the ground at a distance R from the building. Taking g = 10 m/s2 and neglecting air resistance will give :
A sphere of volume V is made of a material with lower density than water. While on Earth, it floats on water with its volume f1V (f1 < 1) submerged. On the other hand, on a spaceship accelerating with acceleration a < g (g is the acceleration due to gravity on Earth) in outer space, its submerged volume in water is f2V. Then:
A railway wagon (open at the top) of mass M1 is moving with speed v1 along a straight track. As a result of rain, after some time it gets partially filled with water so that the mass of the wagon becomes M2 and speed becomes v2. Taking the rain to be falling vertically and the water stationery inside the wagon, the relation between the two speeds v1 and v2 is :
Consider the following statements:
1. Distance between the longitudes becomes zero on North Pole and South Pole.
2. Distance between the longitudes is maximum on the Equator.
3. Number of longitudes is more than number of latitudes.
Which of the statements given above is/are correct?
One block of 2⋅0 kg mass is placed on top of another block of 3⋅0 kg mass. The coefficient of static friction between the two blocks is 0⋅2. The bottom block is pulled with a horizontal force F such that both the blocks move together without slipping. Taking acceleration due to gravity as 10 m/s2, the maximum value of the frictional force is :
