The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of Batlivala & Karani Securities Private Limited and Batlivala & Karani Finserv Private Limited by 360 ONE.

360 ONE WAM Limited (Acquirer) is a wealth and asset management firm in India. Batlivala & Karani Securities Private Limited (Target 1) is engaged in equity broking, financial product distribution, investment banking, and research analysis. Batlivala & Karani Finserv Private Limited (Target 2) is involved in distributing financial products.

The proposed combination includes acquisition of shareholding in Target 1 and Target 2 from Mr Saahil Murarka, Batlivala & Karani Resources Management, and Ms Swapna Murarka. As part of the consideration, Mr Saahil Murarka and BKRM will acquire certain shares in the Acquirer.

The detailed order of the Commission will follow.

Source:Press Information Bureau, Competition Commission of India