Date: 2026-06-16Category: Press ReleaseState: Union GovernmentCountry: India
CCI approves proposed combination involving acquisition of PGIM India Asset Management and PGIM India Trustees by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services
**Summary of CCI Approval: Acquisition of PGIM India Asset Management and PGIM India Trustees**
The Competition Commission of India (CCI) has approved a proposed combination involving the 100% acquisition of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited (collectively referred to as "Target entities").
**Acquiring Entities**
* **TVS Emerald Limited:** A real estate development firm operating exclusively within India, with no business activities outside the country.
* **TVS Venu Management and Consultancy Services Private Limited:** A company that currently does not have any active business operations.
**Target Entities**
* **PGIM India Asset Management Pvt. Ltd. and PGIM India Trustees Pvt. Ltd.:** These entities are engaged in the wealth management sector. Their services include mutual funds, portfolio management services, alternative investment funds, and investment advisory services.
**Key Metrics and Transaction Scope**
* **Acquisition Percentage:** 100% of the issued, subscribed, and paid-up share capital.
* **Approval Date:** June 16, 2026.
* **Detailed Order:** To be issued by the Commission following this announcement.
**Administrative Information**
* **Issuing Authority:** Competition Commission of India (via PIB Delhi).
* **Release ID:** 2273669.
* **Visitor Count:** 336.
* **Language Availability:** The announcement is available in Urdu, Hindi, and Tamil.
Key Entities Referenced
Competition Commission of India: The regulatory body that approved the acquisition of PGIM India entities by TVS Group entities.
TVS Emerald Ltd.: An acquirer company engaged in real estate development business in India.
PGIM India Asset Management Pvt. Ltd.: A target entity engaged in wealth management, including mutual funds and portfolio management services.
TVS Venu Management and Consultancy Services Pvt. Ltd.: An acquirer company involved in the proposed 100% share capital acquisition.
PGIM India Trustees Pvt. Ltd.: A target entity involved in the wealth management and investment advisory business.
Competition Commission of India
CCI approves proposed combination involving
acquisition of PGIM India Asset Management
and PGIM India Trustees by TVS Emerald Ltd.
and TVS Venu Management and Consultancy
Services
प्रव तथ: 16 JUN 2026 6:38PM by PIB Delhi
The Competition Commission of India (CCI) has approved the proposed combination involving acquisition
of PGIM India Asset Management Pvt. Ltd. and PGIM India Trustees Pvt. Ltd. by TVS Emerald Ltd. and
TVS Venu Management and Consultancy Services Pvt. Ltd.
The Proposed Combination envisages to acquire 100% of the issued, subscribed and paid-up share capital
of the PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited (‘Target
entities’) by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited.
TVS Emerald Limited (including through its subsidiaries) is engaged in the real estate development
business in India. TVS Emerald does not have any business activities outside India.
TVS Venu Management and Consultancy Services Private Limited does not currently have any business
activities.
The Target entities are engaged in the wealth management business including in the business of (i) mutual
funds, (ii) portfolio management services, (iii) alternative investment funds and (iv) investment advisory
services.
Detailed order of the Commission will follow.
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NB/ONP
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