ClearMains
The Competition Commission of India (CCI) has approved acquisition of units by Brookfield Asset Management Ltd. (BAM) of Oaktree Capital Group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP). The Proposed Combination envisages the indirect acquisition of units of OCGH and OEP and, therefore, the Oaktree operating group of entities by BAM. BAM is a global alternative asset manager, and is controlled by Brookfield Corporation ( BN ).
Quick Revision
Prelims-testable facts
Trap alerts
Mains Practice Question
Discuss the implications of the Competition Commission of India's approval for Brookfield Asset Management Ltd.'s acquisition of units of Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P.
250 words
Practice this in the exam hall →Prelims Practice MCQs
The Competition Commission of India has approved the acquisition of units by which entity?
The CCI has approved the acquisition of units by Brookfield Asset Management Ltd., a global alternative asset manager.
Both OCGH and OEP are what type of entities?
OCGH and OEP are limited partnerships, a type of entity that pools funds from multiple investors to invest in assets.
Consider the following statements regarding Brookfield Asset Management Ltd. (BAM): 1. The Competition Commission of India (CCI) has approved the acquisition of units by Brookfield Asset Management Ltd. (BAM) of Oaktree Capital Group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP). 2. Brookfield Asset Management Ltd. (BAM) is a global alternative asset manager. 3. The acquisition was approved by the Reserve Bank of India (RBI) How many of the above statements are correct?
Statement 1 is correct because it directly matches Fact 1. Statement 2 is also correct as BAM's description in Fact 2 supports this statement. However, there is no mention of RBI approving the acquisition in the fact list, making Statement 3 incorrect.
Consider the following two statements: Statement-I: The Competition Commission of India (CCI) has approved the acquisition of units by Brookfield Asset Management Ltd. (BAM) of Oaktree Capital Group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP). Statement-II: Brookfield Asset Management Ltd. (BAM) is a global alternative asset manager that provides investment management services. Which one of the following is correct in respect of the above statements?
Statement 1 directly states the approval by CCI, while statement 2 describes Brookfield Asset Management Ltd. (BAM) as a global alternative asset manager. However, statement 2 does not explain why CCI approved the acquisition.