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Axis Bank to sell 25% in AMC to Schroders
Axis Bank, the third largest private sector lender in the country, on Friday said it would sell 25 per cent stake in its asset management arm to Schroders, the largest asset management company (AMC) in Britain. The bank also said it had got the Reserve Bank of India's approval to acquire the equities and investment banking businesses of ENAM Securities. Shikha Sharma, managing director and chief executive
Axis Bank, the third largest private sector lender in the country, on Friday said it would sell 25 per cent stake in its asset management arm to Schroders, the largest asset management company (AMC) in Britain. The bank also said it had got the Reserve Bank of India's approval to acquire the equities and investment banking businesses of ENAM Securities. Shikha Sharma, managing director and chief executive
L&T Finance buys out Fidelity's India MF arm
Setting aside the widespread speculation that a foreign player would buy out Fidelity’s India business, L&T Finance, a domestic player, on Tuesday inked the deal for an undisclosed
L&T Finance gets best of both worlds
The acquisition of Fidelity by L&T Finance will create an entity that has a rare balance in distribution machinery, the Holy Grail to success in India’s Rs 6.8 lakh crore battered and
Schroders set to acquire 30% stake in Axis AMC
Schroders, the UK-based asset management giant that manages close to $291 billion in assets, is set to acquire nearly 30 per cent stake in Axis Asset Management Company, sources familiar with the
Retail investors see opportunity in the rising market
A 15 per cent spike in the stock markets since the beginning of the year has given retail investors an opportunity to exit their mutual fund (MF) schemes. The net outflows from MFs were Rs 456 crore
A 15 per cent spike in the stock markets since the beginning of the year has given retail investors an opportunity to exit their mutual fund (MF) schemes. The net outflows from MFs were Rs 456 crore
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