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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.

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 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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Mastek To Demerge Insurance Products Business

Mastek To Demerge Insurance Products Business

Mastek is demerging its insurance products and services business into a new company, Majesco Ltd. The deal also involves transfer of offshore insurance operations business by Majesco Ltd to Majesco Software and Solutions India Pvt. Ltd., a wholly owned subsidiary of MajecoMastek Insurance Software and Solutions Inc.

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