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Otter-Link enter NBFC business
The Competition Commision of India (CCI) has approved acquisition of additional equity shares in Hero FinCorp Limited by
Mauritius-registered Otter Limited and Link Investment Trust.
The proposed combination envisages subscription to additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment Trust.
Link is a private trust registered in India and is engaged in making investments.
Hero FinCorp is a public limited company registered as a systemically important non-deposit taking non-banking financial company (NBFC) with the Reserve Bank of India. It is primarily engaged in the business of consumer finance and commercial lending.
The approval was announced on 11 Mar 2020. fiinews.com
