Tag Archives: AMC

Manulife in tie-up with Mahindra  arm,  to  invest $35 million in AMC business

MUMBAI: Mumbai: Mahindra and Mahindra Financial Services Ltd, through its subsidiary Mahindra Asset Management Co. Pvt. Ltd, has entered into a joint venture with global finance services group Manulife, which will invest $35 million in the asset management business. The 51:49 joint venture aims to expand the depth and breadth of fund offerings and retail fund penetration in India, Mahindra… Read More »

SREI Group signs term sheet to acquire AMC business of Essel Group

Kolkata-based SREI Group is said to have initiated the process to acquire the asset management business of Essel Group — Essel Asset Management,  sources told Moneycontrol. “A term sheet has been signed between both the parties so far which is a part of due diligence process,” the source said. A term sheet is a bulleted list, prepared by any… Read More »