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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..