India, July 8 -- The Government of India issued the following news release:
The proposed combination comprises: (i) acquisition of: (a) portfolio management services (PMS) business of Credit Suisse Securities (India) Private Limited (CS Securities) in India by 360 ONE Portfolio Managers Limited (360 Portfolio); (b) stock broking services and financial product distribution services of CS Securities by 360 ONE Distribution Services Limited (360 Distribution); and (c) loan portfolio which forms part of lending and financing business, of UBS Finance India Private Limited (UBS Finance), undertaken as a systematically important non-deposit taking non-banking financial company by 360 ONE Prime Limited (360 Prime); and (ii) subscription to warrant...