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.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..