White Oak Capital gets SEBI approval to acquire YES AMC

By Morningstar |  16-09-21 | 
 

White Oak Capital group has received SEBI approval for the registration of GPL Finance and Investments Limited (GPL Finance) as the sponsor of YES Asset Management (India) Ltd.

GPL Finance is a subsidiary of global investment management and investment advisory firm white Oak Capital. Having received all regulatory approvals for this transaction, GPL Finance will now initiate the transfer of the mutual funds business from YBL to become the sponsor of YES Mutual Fund. The transaction closure is expected to be completed within the next few weeks.

Commenting on the development, Prashant Khemka, Founder, White Oak Capital said, “We have instituted a performance-first culture at our firm, earning the confidence of investors globally who have entrusted us with assets of over Rs 40,000 crore in the past four years. We are excited about offering our investment expertise to retail investors across the country. India continues to be amongst the most favourable investment destinations in the world with a high alpha potential embedded on the canvas of a high growth economy.”

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