In the Margins

Edelweiss acquires JPMorgan's India fund biz

March 22, 2016

By Reuters

Edelweiss Asset Management has bought JPMorgan Asset Management's India unit. The deal is the latest example of consolidation in India's fragmented, but reviving, mutual funds industry. Neither firm disclosed the terms of the deal, but two sources familiar with the transaction said JPMorgan's business was valued at around 2% of assets under management, or 1.4 billion rupees ($20.99 million). Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...