Asset management firm State Street invests $65 million in Groww AMC

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Global asset manager State Street Investment Management has invested $65 million (about Rs 580 crore) in Groww Asset Management Company (AMC).

Of the total investment, about Rs 381 crore will be secondary share purchases, while around Rs 199 crore will be fresh capital, which could dilute Groww AMC’s share capital by up to 23%.

The investment is aimed at building global investment capabilities and products for Indian investors, while also allowing Groww to explore opportunities outside the country.

The strategic investment by State Street comes at a…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Asset management firm State Street invests $65 million in Groww AMC



Global asset manager State Street Investment Management has invested $65 million (about Rs 580 crore) in Groww Asset Management Company (AMC).

Of the total investment, about Rs 381 crore will be secondary share purchases, while around Rs 199 crore will be fresh capital, which could dilute Groww AMC’s share capital by up to 23%.

The investment is aimed at building global investment capabilities and products for Indian investors, while also allowing Groww to explore opportunities outside the country.

The strategic investment by State Street comes at a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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