Competition Commission of India’s (CCI) has given nod to Reliance Capital Asset Management (RCAM) for the acquisition of Goldman Sachs’ onshore asset management business in India.
- Earlier, RCAM had announced this acquisition for Rs.243 crore in cash.
About Reliance Capital: It is the financial services arm of Anil Ambani-led Reliance Group. It is present in insurance, brokerage and wealth management, among other areas.
About Goldman Sachs Asset Management: It manages assets of over $ 1.19 trillionacross geographies and asset classes.
- HQ: New York
- Chairman and CEO: Lloyd Blankfein
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