Date: 2025-10-21Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves acquisition of certain shareholding of Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited by Setu AIF Trust, Konark Trust and MMPL Trust
On October 21, 2025, the Competition Commission of India (CCI) approved the proposed acquisition of a shareholding of Edelweiss Asset Management Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL) by Setu AIF Trust, Konark Trust, and MMPL Trust.
The combination involves acquiring up to 15% shareholding of EAML and ETCL.
Setu AIF Trust is a Category II AIF registered with SEBI and acts through its investment manager, MMPL. EAML, incorporated on August 23, 2007, under the Companies Act, 1956, serves as the asset management company of Edelweiss Mutual Fund (EMF). It handles fund design, portfolio management, investor servicing, and compliance. EAML is also registered as a fund management entity (FME) with the International Financial Services Centres Authority (IFSCA) at GIFT City and provides portfolio management services (PMS). Edelweiss Trusteeship Company Limited is incorporated under the Companies Act, 1956, and acts as trustee for EMF.
A detailed order from the Commission will follow.
Release ID: 2181330.
Key Entities Referenced
Competition Commission of India: The regulator that approved the acquisition.
Edelweiss Asset Management Limited: One of the entities whose shareholding is being acquired.
Edelweiss Trusteeship Company Limited: One of the entities whose shareholding is being acquired.
Setu AIF Trust, Konark Trust and MMPL Trust: The entities acquiring the shareholding.
Companies Act, 1956: Law under which the involved companies are incorporated.
Competition Commission of India
CCI approves acquisition of certain shareholding of
Edelweiss Asset Management Limited and
Edelweiss Trusteeship Company Limited by Setu AIF
Trust, Konark Trust and MMPL Trust
Posted On: 21 OCT 2025 7:22PM by PIB Delhi
The Competition Commission of India has approved the proposed acquisition of certain shareholding of
Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited by Setu AIF Trust,
Konark Trust and MMPL Trust.
The proposed combination comprises certain inter-connected steps resulting in the acquisition of up to 15%
shareholding of Edelweiss Asset Management Limited(EAML) and Edelweiss Trusteeship Company
Limited(ETCL) by Setu AIF Trust, Konark Trust and MMPL Trust.
Setu AIF Trust is a Category II AIF registered with SEBI, under the AIF Regulations. It acts through its
investment manager, MMPL.
Edelweiss Asset Management Limited is an unlisted public company incorporated on 23 August
2007, under the Companies Act, 1956. EAML acts as the asset management company of
Edelweiss Mutual Fund (EMF). EAML’s activities encompass fund design, portfolio management,
investor servicing, and compliance. EAML also: (a) provides portfolio management service (PMS);
and (b) is registered as a fund management entity (FME) with the International Financial Services
Centres Authority (IFSCA) at GIFT City.
Edelweiss Trusteeship Company Limited is a company incorporated under the Companies Act,
1956 and acts as the trustee for EMF.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2181330)