Schroders Acquires 25% Stake in Indian Asset Manager

April 30, 2012

On April 30, 2012, BankingBusinessReview.com reported that Schroder Singapore Holdings had agreed to acquire a minority interest in Axis Asset Management Company.


On April 30, 2012, BankingBusinessReview.com reported that Schroder Singapore Holdings has agreed to acquire a 25% stake in Axis Asset Management Company.  Axis Management is the asset management business of India-based Axis Bank.  Axis Management has approximately $2.3 billion in assets under management.  The transaction is subject to regulatory approval and is expected to be completed during this year. 

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Investment Manager Strategic Investments, Mutual Fund Strategic Investments, Transactions