New Delhi, Feb 18, 2026: The Competition Commission of India (CCI) has approved the acquisition of the Portfolio Management Services (PMS) business of Axis Securities Limited by Axis Asset Management Company Limited, according to a statement issued by Press Information Bureau Delhi.
The proposed combination involves the transfer of Axis Securities’ PMS business (the target business) to Axis Asset Management Company, which will take over and continue operations in India.
Axis AMC manages mutual fund operations and is also engaged in providing portfolio management services. Additionally, the acquirer has established and manages multiple Alternative Investment Funds (AIFs) across Category II and Category III, deploying diverse investment strategies.
