New Delhi, Apr 2 (PTI) The Competition Commission of India (CCI) on Tuesday said it has approved the proposed acquisition of Sharekhan Ltd and Human Value Developers Pvt Ltd by Mirae Asset Capital Markets (India) and Mirae Asset Securities.

Sharekhan Ltd is engaged in the business of stock broking, commodities/currency derivatives broking.

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"CCI has approved acquisition of 100 per cent equity stake of Sharekhan Ltd and Human Value Developers Pvt Ltd by Mirae Asset Capital Markets (India) Pvt Ltd and Mirae Asset Securities Co Ltd, respectively," a release said.

Mirae Asset Securities (MAS) is a public limited company, while Mirae Asset Capital Markets (India) is a wholly owned subsidiary of MAS.

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Human Value Developers Pvt Ltd (HVDPL) is an investment holding company that holds certain stake in Sharekhan and does not undertake any other business activity.

In another release, CCI said it has approved Piramal Alternatives Trust for the proposed acquisition of 10.39 per cent stake in Annapurna Finance.

Piramal Alternatives Trust is a trust belonging to Piramal Enterprises Ltd.

"The Competition Commission of India (CCI) has approved the acquisition of 10.39 per cent shareholding of Annapurna Finance Pvt Ltd and subscription to its certain debentures by Piramal Alternatives Trust," the release said.

Annapurna Finance is an RBI-registered non-deposit-taking non-banking financial company.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)