CCI clears 15 per cent stake buy in Edelweiss fund units

29 Oct 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed acquisition of a 15 per cent shareholding in Edelweiss Asset Management Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL) by Setu AIF Trust, Konark Trust, and MMPL Trust.

The transaction involves a series of interconnected steps leading to the acquisition of up to 15 per cent of the equity in both EAML and ETCL.

Setu AIF Trust is a Category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI) under the AIF Regulations and operates through its investment manager, MMPL.

Edelweiss Asset Management Limited, incorporated on 23 August 2007 under the Companies Act, 1956, is an unlisted public company serving as the asset management company for Edelweiss Mutual Fund (EMF). Its activities include fund design, portfolio management, investor servicing, and regulatory compliance. The company also provides portfolio management services and is registered as a fund management entity with the International Financial Services Centres Authority (IFSCA) at GIFT City.

Edelweiss Trusteeship Company Limited, incorporated under the Companies Act, 1956, serves as the trustee for Edelweiss Mutual Fund.

The detailed order of the Commission will be released in due course.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..