The Government of India has approved the proposed acquisition of certain shareholding of Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited by Setu AIF Trust, Konark Trust and MMPL Trust. The proposed combination comprises certain inter-connected steps resulting in the acquisition of up to 15% shareholding of Edelweiss Asset Management Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL) by Setu AIF Trust, Konark Trust and MMPL Trust. Setu AIF Trust is a Category II AIF registered with SEBI, under the AIF Regulations.