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Mergers & Acquisitions | 14 March 2012

Schroders May Acquire 30% Stake In Axis MF

by Charmi Gutka
 
@charmi
UK based Schroders is planning to acquire 30% stake in @Axis_Asset.

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.

Pubmatic Acquires Pune Based Mobile Technology Firm - MobiPrimo

PubMatic, a provider of online ad revenue optimization services has acquired Pune based MobiPrimo, mobile development technology firm. The size of the transaction was not disclosed.

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Mahindra Holidays Acquires Covington S.a.r.l

Mahindra Holidays and Resorts India Limited, through its wholly owned subsidiary MHR Holdings (Mauritius) Limited has acquired 100% stake in Covington S.a.r.l, Luxembourg. The deal size was not disclosed.

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