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Mergers & Acquisitions | 14 March 2012

Schroders May Acquire 30% Stake In Axis MF

by Charmi Gutka
Schroders May Acquire 30% Stake In Axis MF
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UK based Schroders is planning to acquire 30% stake in Axis Asset Management Company.

The acquisition would allow Schroders to sell its products in India and grant Axis access to the London-listed company's global network.

According to ET, Schroders had applied to the Securities SEBI in April 2008 to start a mutual fund business in India, but did not secure a license till last year.

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