Competition Commission of India (CCI) approves TVS Group acquisition of PGIM India and Temasek investment in Romsons Group

Exam-focused facts from the 19 June 2026 current affairs briefing.

Key facts

The Competition Commission of India (CCI) approved the acquisition of 100 per cent share capital of PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd by TVS Emerald Ltd and TVS Venu Management and Consultancy Services Pvt Ltd.
PGIM is the India asset management business of the United States-headquartered Prudential Financial.
As of December 31 last year, PGIM was managing assets worth over ₹30,000 crore and managed 25 open-ended mutual funds as of March 2026.
The CCI cleared the proposal by Singapore-based Temasek Holdings Pvt Ltd, through its subsidiary Jongsong Investments Pte Ltd, to acquire a stake in medical devices manufacturer Romsons Group Pvt Ltd.
Romsons Group is engaged in the manufacturing and sale of medical devices, personal care, and hygiene products in India and globally.