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Essel Finance Wealthzone to acquire stakes in funds, trust management firms

Essel Finance Wealthzone obtained approval from India's securities regulator to acquire stakes in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. held by Peerless General Finance and Investment Co. Ltd. and others, The Hindu Business Line reported Aug. 11.

Essel Finance Wealthzone is a subsidiary of Essel Finance Management LLP, which is the financial services arm of Essel Group.