US-based asset management firm State Street Investment Management has invested Rs 580 crore, or approximately $65 million, in Groww Asset Management Limited, a wholly owned subsidiary of Groww, as per Groww’s exchange filing.
Groww AMC is an investment manager of Groww Mutual Fund which manages various funds of Groww Mutual Fund.
According to the filing, the proposed transaction includes around Rs 381 crore through secondary share purchases, while approximately Rs 199 crore will be infused as fresh capital, potentially diluting Groww AMC’s share…

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